Oklahoma State Question 677, Limits on Value of a Homestead Amendment (1996)
| Oklahoma State Question 677 | |
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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 677 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on November 5, 1996. It was approved.
A "yes" vote supported limiting the assessed value of a homestead owned by individuals aged 65 or older with a household income of $25,000 or less to the value set when they first qualified. |
A "no" vote opposed limiting the assessed value of a homestead owned by individuals aged 65 or older with a household income of $25,000 or less to the value set when they first qualified. |
Election results
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Oklahoma State Question 677 |
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| Result | Votes | Percentage | ||
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805,724 | 73.50% | ||
| No | 290,568 | 26.50% | ||
Text of measure
Ballot title
The ballot title for State Question 677 was as follows:
| “ | This measure amends the Oklahoma Constitution. This measure would add a new section to Article 10 to be designated section 8C. It would limit the fair cash value on a homestead. The homestead must be owned by a person who is 65 years of age or older, with a gross household income of $25,000 or less. The fair cash value would not exceed the value of the homestead the first year the individual reached the age of 65 years and had a gross household income of $25,000 or less. Improvements to the property would be assessed and added to the assessed value of the property. This measure would become effective on January 1, 1997. If the individual ceases to own and occupy the property, the fair cash value would be determined as all other real property. If the gross household income exceeds $25,000.00, the fair cash value would be determined as all other real property according to law. | ” |
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 24 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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