Oklahoma State Question 675 (1996)
The official ballot summary reads:
This measure amends the Oklahoma Constitution. It amends Section 8 of Article 10. It changes the way property is assessed for tax purposes. It would modify the percentage used to assess property. This measure would limit the percentage of fair cash value at which property may be assessed. The percentage for land would not be more than 13.5% nor less than 11%. The percentage for personal property would not be more than 15% nor less than 10%. The people may vote to increase the percentage. These limits would apply only to locally assessed property. These limits would not apply to all property. Property assessed by the State Board of Equalization would use a different percentage. The percentage used by the State Board to make assessments would be the percentage used on January 1, 1996.
This amendment passed with 785,490 voters supporting the initiative, and 313,661 voters in opposition.
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