Former Rep. Mike Reynolds, R-Oklahoma City, speaks against raising lawmaker pay at a meeting of the Board on Legislative Compensation at the state Capitol on Nov. 18, 2025. (Photo by Emma Murphy/Oklahoma Voice)

OKLAHOMA CITY – Oklahoma residents may get to vote to eliminate property taxes for homes they live in.

Two lawmakers and a former legislator on Friday filed papers with the Oklahoma Secretary of State to circulate an initiative petition to let voters decide to gradually reduce some property taxes and end them in 2029.

State Question 841 would not apply to bonded indebtedness incurred by schools, counties, municipalities or other political subdivisions prior to Dec. 31, 2026.

The change would be effective Jan. 1, 2027, when an amount equal to about 33% of the full assessed value

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