Oklahoma Nesties
CITATION:Amends Section 8B of Article 10
SUBJECT:Ad Valorem Taxation Limitation on Valuation Increases
ELECTION DATE:
Next General Election, November 6, 2012 OKLA. CONST. Art. 24, ?1BALLOT TITLE:
This measure amends the State Constitution. It amends Section 8B of Article 10.
The measure deals with real property taxes also called ad valorem taxes. These taxes are based on several factors. One factor is the fair cash value of the property.
The measure changes the limits on increases in fair cash value. Now, increases are limited to 5% of fair cash value in any taxable year.
The measure changes the cap on increases to 3% for some property. The 3% cap would apply to homestead exempted property. The cap would also apply to agricultural land.
The measure also removes obsolete language.
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
State Question 758
State Question No.: 758 
Legislative Referendum No. 358
RESOLUTION OR BILL NUMBER:HJR 1002 Legislative Referendum No. 358CITATION:Amends Section 8B of Article 10
SUBJECT:Ad Valorem Taxation Limitation on Valuation Increases
ELECTION DATE:
The measure deals with real property taxes also called ad valorem taxes. These taxes are based on several factors. One factor is the fair cash value of the property.
The measure changes the limits on increases in fair cash value. Now, increases are limited to 5% of fair cash value in any taxable year.
The measure changes the cap on increases to 3% for some property. The 3% cap would apply to homestead exempted property. The cap would also apply to agricultural land.
The measure also removes obsolete language.
Re: State Question 758
The language on the actual ballot doesn't contain this much information (like what the current cap is).
Anyone have any thoughts on this? I know when I read about it, there were a lot of concerns about the impact to education funding.
Do you work in a public school? A school that is partially funded by property taxes?