Oklahoma State Question 486, Property Assessment Amendment (1972)
| Oklahoma State Question 486 | |
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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 486 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on November 7, 1972. It was approved.
A "yes" vote supported limiting real property assessments for ad valorem taxation at 35% of its fair cash value based on its highest and best use during the previous year. |
A "no" vote opposed limiting real property assessments for ad valorem taxation at 35% of its fair cash value based on its highest and best use during the previous year. |
Election results
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Oklahoma State Question 486 |
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| Result | Votes | Percentage | ||
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537,310 | 58.11% | ||
| No | 387,272 | 41.89% | ||
Text of measure
Ballot title
The ballot title for State Question 486 was as follows:
| “ | Shall a Constitutional Amendment amending Section 8, Article X, Oklahoma Constitution, which relates to assessment of property for ad valorem taxation, to provide for assessment of real property at not more than thirty-five percent (35%) of its fair cash value for the highest and best use as actually used, or was previously classified for use, during the previous calendar year; provided that a transfer of property without a change in use shall not require a reassessment based exclusively upon the sale value; and directing the Legislature to enact laws defining classifications of use to facilitate uniform assessment procedures in this state be approved by the people? | ” |
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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