Oklahoma Legislature Proposes Constitutional Amendment to Limit Property Tax Assessment Increases

The Oklahoma Legislature passed a joint resolution, proposing a constitutional amendment regarding property tax assessment limits for voter approval. The amendment would reduce annual fair cash value increase caps for homestead properties, and create income-based assessment increase limits for certain homesteads, based on HUD median income thresholds. [S.J.R. 39, adopted 04/28/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.