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Oklahoma State Question 714, Calculation of Homestead Cash Value Amendment (2004)
| Oklahoma State Question 714 | |
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| Election date |
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| Topic Property |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oklahoma State Question 714 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on November 2, 2004. It was approved.
A "yes" vote supported changing the method for determining the fair cash value of homesteads for certain heads of household aged 65 or older by adjusting the qualifying income level to not exceed the area's mean income for the prior year, replacing the current $25,000 income limit. |
A "no" vote opposed changing the method for determining the fair cash value of homesteads for certain heads of household aged 65 or older by adjusting the qualifying income level to not exceed the area's mean income for the prior year, replacing the current $25,000 income limit. |
Election results
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Oklahoma State Question 714 |
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| Result | Votes | Percentage | ||
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961,102 | 68.93% | ||
| No | 433,194 | 31.07% | ||
Text of measure
Ballot title
The ballot title for State Question 714 was as follows:
| “ | This measure amends the Oklahoma Constitution. It amends Section 8C of Article 10. This measure changes the method for determining the fair cash value of the homestead of certain heads of household. The change only applies to heads of household who meet two requirements. First, they must be at least 65 years old. Second, their gross household income must meet income level requirements. This measure changes the income level requirement. At present, to be eligible, the gross household income from all sources must be $25,000 or below. The amendment changes the qualifying income level. To be eligible under the change, gross household income cannot exceed the area’s mean income for the prior year. A federal agency determines these mean income levels. The agency determines mean income levels for counties and metropolitan areas. The State Tax Commission must inform each county assessor of the established mean income levels each year. | ” |
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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State of Oklahoma Oklahoma City (capital) |
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