Oklahoma City council approves Stockyards business district assessment
Money Moves Oklahoma City, OK localStockyards City assessment passed 6-0; voters weigh SQ 847 property-tax caps Nov. 3
Overview
The Oklahoma City Council adopted the Stockyards City business improvement district's 2026–2027 assessment roll on September 29. The vote was 6-0, with three members absent. The assessment funds cleaning, security, and marketing in the historic stockyards area.
Voters on November 3 will decide State Question 847, which would cap annual assessed-value growth at 1.75% for homesteads and agricultural land, down from 3%, and at 4% for other property, down from 5%. A separate proposal to phase out property taxes, State Question 843, was struck down by the Oklahoma Supreme Court on October 5 and will not appear on the ballot.
Why it matters
For Stockyards City property owners, the adopted assessment sets their tax bill for the next year; SQ 847 shapes how much future bills can rise.
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Key Indicators
Related Media
Stockyards City Oklahoma City
Oklahoma City (Stockyards Station), Oklahoma 73148
Oklahoma City Stockyards
Oklahoma City Stockyards
Oklahoma News Report
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Voices
Curated perspectives — historical figures and your fellow readers.
Organizations Involved
The city's legislative body responsible for adopting the annual BID assessment roll.
A designated district in Oklahoma City's historic stockyards area funded by property assessments.
Timeline
September 2026 October 2026
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Voter Registration Deadline Passes
Latest ProcedureOklahomans had until October 9 to register for the November 3 election, which includes State Question 847 on property assessment caps.
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Oklahoma Supreme Court Strikes Down State Question 843
LegalThe court ruled 5-4 that the proposed property-tax phaseout violated the state constitution; the measure will not appear on the ballot.
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Public hearing on assessment roll
HearingCity Council holds public hearing and is expected to vote on the 2026–2027 Stockyards BID assessment roll.
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Council Adopts Stockyards Assessment Roll
DecisionOklahoma City Council voted 6-0, with 3 members absent, to adopt the 2026–2027 assessment roll for the Stockyards City Business Improvement District.
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Agenda published for council meeting
ProcedureCity Council agenda lists public hearing on Stockyards BID assessment roll for September 29.
Scenarios
Oklahoma Voters Pass State Question 847
Discussed by: Oklahoma Policy Institute, Ballotpedia
Voters approve cutting the annual cap on homestead assessment increases from 3% to 1.75% and from 5% to 4% for other real property, starting in 2027. Oklahoma Policy Institute notes local governments may raise millage rates to cover existing bond payments, which could offset some of the savings.
Voters Reject State Question 847
Discussed by: Oklahoma Policy Institute, News9
Voters reject the ballot measure, keeping the current 3% homestead and 5% other-property annual assessment caps.