Oklahoma State Question 676, Limits on Annual Increase of Real Property Value Amendment (1996)
| Oklahoma State Question 676 | |
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| Election date |
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| Topic Property and Taxes |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oklahoma State Question 676 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on November 5, 1996. It was approved.
A "yes" vote supported limiting annual increases in the assessed value of locally assessed real property to 5%, excluding years when the property is sold or improved. |
A "no" vote opposed limiting annual increases in the assessed value of locally assessed real property to 5%, excluding years when the property is sold or improved. |
Election results
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Oklahoma State Question 676 |
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| Result | Votes | Percentage | ||
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808,429 | 73.57% | ||
| No | 290,433 | 26.43% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for State Question 676 was as follows:
| “ | This measure amends Article 10 of the Oklahoma Constitution. It adds a new Section 8B. This measure would limit the fair cash value of real property. The fair cash value would not increase by more than 5% in any taxable year. This limit would only apply to real property which is locally assessed. If the property is transferred, changed, or conveyed the limitation would not apply for that year. The limitation does not apply if improvements have been made to the property. If improvements have been made to the property, the increased value to the property will be assessed for that year. Any county which is not in compliance with laws or regulations governing valuation of property would not be allowed to apply the 5% limitation. This measure does not apply to personal property. This measure does not apply to property valued or assessed by the State Board of Equalization. This Legislature would be allowed to enact laws to implement this section. This measure would take effect on January 1, 1997. | ” |
Path to the ballot
- See also: Amending the Oklahoma Constitution
A simple majority vote is required during one legislative session for the Oklahoma State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 51 votes in the Oklahoma House of Representatives and 25 votes in the Oklahoma State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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