Oklahoma Constitution; ad valorem; senior fair cash value limit; ballot title; filing.

This proposed constitutional amendment would change Oklahoma's property tax rules for seniors. It would allow homeowners aged 65+ who've lived in their homes for at least 10 years to freeze their property tax value at the level when they turned 65, without needing to meet current income limits. The freeze applies only to homes valued at $500,000 or less, and would eliminate the existing income threshold requirement. The change requires voter approval to take effect.