OK HJR1045

Proposes a constitutional amendment (new Section 8G to Article X) to freeze the fair cash value of homestead property for ad valorem tax purposes, effective January 1, 2027

Eligibility requires the head of household to have owned and occupied the property for at least 10 years and have gross household income below the HUD-estimated low income threshold for their county or metropolitan statistical area

Property value freezes at the tenth year's assessed value and remains frozen as long as the owner continues to occupy the property and income stays below the threshold

Any improvements made to the property will be assessed at fair cash value and added to the frozen base amount

Directs the Secretary of State to refer the measure to voters as a legislative referendum for approval or rejection