Statewide ballot measure · Tuesday, November 3, 2026
Oklahoma State Question 847, Reduce Annual Increases in Property Values for Tax Calculations Amendment
Would amend the state constitution to change the calculation of the fair cash value of property starting in tax year 2027 by: reducing the annual growth limit of the calculated fair cash value of property from 5% to 4%; reducing the annual growth limit of the calculated fair cash value of property that qualifies for a homestead exemption from 3% to 1.75%; and repealing the prohibition on any increase in fair cash value of homestead property for those aged sixty-five or older whose income exceeds the median amount determined by the U.S. Department of Housing and Urban Development.
What a vote means
- A yes vote
- A yes vote would amend the state constitution to change the calculation of the fair cash value of property starting in tax year 2027 by: reducing the annual growth limit of the calculated fair cash value of property from 5% to 4%; reducing the annual growth limit of the calculated fair cash value of property that qualifies for a homestead exemption from 3% to 1.75%; and repealing the prohibition on any increase in fair cash value of homestead property for those aged sixty-five or older whose income exceeds the median amount determined by the U.S. Department of Housing and Urban Development.
- A no vote
- The state constitution stays as it is now.
Sources
Measure summary
- 2026 United States ballot measures (Wikipedia, CC BY-SA 4.0)
What's included: U.S. Senate and House, statewide offices and statewide ballot measures.
Local races (county, city, school board, judges) and anything else on your ballot are on your official sample ballot: okvoterportal.okelections.us.
Candidate lists as of Wednesday, October 14, 2026.
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