OK SJR23

Repeals multiple sections of the Oklahoma Constitution related to property taxes effective January 1, 2027, and transfers those provisions into Oklahoma Statutes (Title 68, Sections 2800.1-2800.27)

Expands the homestead property tax freeze currently available only to seniors 65+ meeting income thresholds to all homesteads, freezing fair cash value at the time the homestead was claimed or 2026, whichever is later

Creates a full property tax exemption for homeowners aged 65 and older, provided their homestead is not used as collateral for any mortgage, line of credit, or other debt

Authorizes counties to levy a new consumption tax (sales tax on all final goods and services) with voter approval to replace property tax revenue, effective no earlier than January 1, 2030

Requires county assessors, boards of equalization, and excise boards to develop proposals for service districts and consumption tax rates, which must be approved by county commissioners and then by majority vote of registered voters in a special election