Oklahoma Senior Citizen Property Tax Exemption, Question No. 714 (2004)
|Oklahoma Question No. 714 (2004)|
Election results via: The Oklahoma State Elections Board
This measure amends the Oklahoma Constitution. It adds a new section to Article 10. The new section is Section 8E. The measure creates an exemption from property tax. The exemption would apply to certain injured veterans. The exemption would also apply to veterans' surviving spouses. The exemption would be for the full fair cash value of the homestead. To qualify for the exemption an injured veteran would have to meet several requirements. First, the veteran must have been honorably discharged from a branch of the Armed Forces or the Oklahoma National Guard. Second, the veteran would have to be a State resident. Third, the veteran would have to have a 100% permanent disability. Fourth, the disability would have to have been sustained through military action or accident, or result from a disease contracted while in active service. Fifth, the disability would have to be certified by U.S. Department of Veterans Affairs. Finally, the veteran would have to be otherwise qualified for homestead exemption. The exemption can be claimed beginning January 1, 2006.
“Oklahomans overwhelmingly passed State Question 714 which will help ease the property tax increases for senior citizens by increasing the income senior citizens can make to cause a freeze on their assessments,” said Oklahoma County Assessor Leonard Sullivan.
“The law still requires homeowners fill out a form to list total household income and must be returned by March 15th, 2005 to be eligible, so watch your mailboxes,” Sullivan explained.
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