OK HJR1063

Proposes a constitutional amendment adding Section 8G to Article X, creating a full property tax (ad valorem) exemption for homesteads owned by persons age 45 or older, effective January 1, 2027

Exemption applies if any person holding title to the homestead has reached age 45 as of January 1 of the applicable calendar year

Homesteads with a mortgage on file (whether for purchase price or other purposes) as of January 1 are not eligible for the exemption

Homesteads subject to any other recorded lien that establishes priority over other lienholders are also excluded from the exemption

Requires the Secretary of State to refer the proposed amendment to voters for approval or rejection through a statewide ballot measure