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SJR 30

Constitutional amendment; reducing limit on growth of fair cash value.

2026 Regular Session Introduced by Micheal Bergstrom

Constitutional amendment reducing Oklahoma's property tax assessment growth cap, limiting yearly increases in fair cash value used for tax calculations.

Second Reading referred to Rules
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WeVote Research Nonpartisan
Bill Summary · SJR 30

Legislative bill overview

SJR 30 proposes a constitutional amendment that would reduce the statutory limit on how much the assessed fair cash value of property can increase annually for property tax purposes in Oklahoma. This is a constitutional amendment that requires voter approval before taking effect. The bill directly addresses the "cap" or maximum allowable year-to-year growth in property valuations used to calculate tax assessments.

Why is this important

Property tax assessment caps significantly affect both state/local government revenue and property owner tax burdens. Reducing the growth limit would constrain how rapidly property taxes can increase on individual properties, which could benefit long-term homeowners but may reduce funding available to schools, counties, and municipalities that rely on property tax revenue. This is a structural fiscal policy decision with long-term budgetary consequences.

Potential points of contention

  • Government revenue impact: Lower assessment growth limits reduce property tax revenue for schools, counties, and local services, potentially requiring cuts or alternative funding sources
  • Equity concerns: Assessment caps can create disparities where neighbors with identical properties pay different taxes based on purchase timing, benefiting established property owners over new ones
  • Constitutional implications: Defining specific growth percentages in the constitution makes future adjustments difficult and may conflict with equal protection principles in taxation

Compiled from official sources — confirm details with the bill’s official record.

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