SB 681 Oklahoma Senate · 2025 Regular Session

Ad valorem tax; requiring notice of valuation increase to include information on limitation of fair cash value. Effective date.

Senate Bill 681 amends Oklahoma's property tax law regarding notices of increased property valuation. The bill requires county assessors to include specific information in these notices sent to property owners. For real property classified as a homestead, the notice must now include information about the constitutional limit on the fair cash value of the property. This change aims to ensure homeowners are informed about potential limitations on their property's valuation increases.
Bill status signed all 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
Senate Passage
Mar 2025
House Passage
May 2025
Signed into Law
May 2025
Introduced Feb 3, 2025 Signed May 12, 2025
Maddy AI version diff · 4 comparisons

What changed between versions

Floor (House) Floor (Senate) · 7 edits
MODERATE
This bill amends Oklahoma's property tax protest procedures to require county assessors to provide more detailed information in valuation increase notices, including specific data on homestead fair cash value limitations. The changes aim to improve taxpayer transparency and understanding of property tax assessments.
Scope change
The bill applies to all property owners in Oklahoma receiving valuation increase notices from county assessors, with specific provisions for homestead properties.
REQUIREMENT

Added requirement for notices to include homestead fair cash value limitation information when applicable

Added requirement for notices to include specific valuation data including fair cash value, taxable fair cash value, and assessment percentages for both preceding and current years

Added requirement for notices to describe personal property with sufficient accuracy to identify included property

Added requirement for notices to include penalty information for personal property valuation increases

Modified protest procedures to allow corrections for scrivener's errors regardless of the 30-day protest period

Added requirement for assessors to provide county board of equalization with all taxpayer information, supporting data, and informal hearing results upon appeal

TIMELINE

Added effective date of November 1, 2025

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
24
Key actions
7
Committee
6
May 12, 2025
Signed into law
Approved by Governor 05/08/2025
upper
May 1, 2025
Committee
Referred for enrollment
upper
May 1, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 81 Nays: 0
lower
Apr 17, 2025
Lower · Passed
CR; Do Pass Appropriations and Budget Committee
lower
Apr 10, 2025
Lower · Passed
Recommendation to the full committee; Do Pass Appropriations and Budget Finance Subcommittee
lower
Apr 2, 2025
Committee
Referred to Appropriations and Budget Finance Subcommittee
lower
Mar 27, 2025
Introduced
First Reading
lower
Mar 27, 2025
Upper · Passed
Engrossed to House
upper
Mar 26, 2025
Committee
Referred for engrossment
upper
Mar 26, 2025
Upper · Passed
Measure passed: Ayes: 45 Nays: 0
upper
Feb 10, 2025
Upper · Passed
Reported Do Pass Revenue and Taxation committee; CR filed
upper
Feb 3, 2025
Introduced
First Reading
upper
2 primary · 0 co-sponsors

Sponsors