Oklahoma State Question 822, Homestead Fair Cash Value Freeze for Individuals Aged 65 and Older Initiative (2024)
| Oklahoma State Question 822 | |
|---|---|
 | |
| Election date November 5, 2024 | |
| Topic Taxes and Property | |
| Status Not on the ballot | |
| Type Constitutional amendment | Origin Citizens |
Oklahoma State Question 822, the Homestead Fair Cash Value Freeze for Individuals Aged 65 and Older Initiative, was not on the ballot in Oklahoma as an initiated constitutional amendment on November 5, 2024.
For heads of household age 65 and older, the initiative was designed to freeze the fair cash value of a homestead at the fair cash value assessment that is assessed on the property in the first year that the head of household turns 65. Any head of household who is 65 years of age or older before January 1, 2024, the fair cash value on the property would have been limited to the fair cash value placed on the property on January 1, 2024. As of 2022, fair cash value limits or freezes required the head of household to meet an income limit to qualify. This measure would have removed the income limits to qualify for the fair cash value limit.[1]
Text of measure
Ballot title
The ballot title would have been as follows:[2]
| “ |
This measure amends the Oklahoma Constitution. It amends Section 8C of Article 10. This section limits the fair cash value of a homestead for individual head of households who are sixty-five (65) years of age or older to not exceed the fair cash value placed upon the property during the first year in which the individual head of household becomes sixty-five (65) years of age or older or if the individual was 65 before January 1, 2024, and their income was above the income limits listed then the fair cash value shall not exceed the fair cash value placed upon the property on January 1, 2024. Currently, this section only applies if the individual head of household meets the age requirement and an income limit determined by United States Department of Housing and Urban Development to be the estimated median income for the preceding year if the county or metropolitan statistical area which includes such county. This measure eliminates the required income limit. If this measure passes, this section will apply for individual head of households sixty-five (65) years of age or older. SHALL THE PROPOSAL BE APPROVED? OR THE PROPOSAL- YES AGAINST THE PROPOSAL- NO[3] |
” |
Full text
The full text of the measure is available here.
Path to the ballot
In Oklahoma, the number of signatures required to qualify an initiated constitutional amendment for the ballot is equal to 15 percent of the votes cast for governor in the previous gubernatorial election. Signatures must be submitted 90 days after the initiative is cleared for circulation by the secretary of state. Measures are generally placed on the next general election ballot following signature verification, but the governor may call a special election or place the measure on the primary ballot. If petitioners are targeting a specific election, the secretary of state recommends that signatures be submitted eight months prior to the election; however, they must be submitted a minimum of 60 days before the election to make the ballot.
The requirements to get an initiated constitutional amendment certified for the 2024 ballot:
- Signatures: 172,993 valid signatures
- Deadline: Each initiative has its own deadline that is 90 days after it was approved to circulate.
The secretary of state verifies signatures and submits the totals and the vote totals that determine the requirement to the Oklahoma Supreme Court, which makes the final determination of sufficiency.
Details about this initiative
- The initiative was filed by Max Wolfley, Robert Manger, and Eric Robers.[1]
- The initiative was filed on June 24, 2022. Signature gathering was set to begin on August 17, 2022, with signatures due by November 14, 2022. Proponents did not submit signatures by the deadline.[2]
See also
External links
Footnotes
- ↑ 1.0 1.1 Oklahoma Secretary of State, "State Question 822," accessed June 28, 2022
- ↑ 2.0 2.1 Oklahoma Secretary of State, "State Question 818," accessed August 10, 2022
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
