This bill increases Oklahoma's standard homestead property tax exemption from $1,000 to $2,315, with automatic inflation adjustments every five years starting January 1, 2032. It also creates a new $2,315 exemption for heads of households earning under $30,000 annually in total household income (excluding certain benefits like Social Security or stimulus payments). Homeowners must apply annually for the income-based exemption unless aged 65+, with income verification required through the Oklahoma Tax Commission. The changes take effect January 1, 2027.
SB 1999 expands eligibility for Oklahoma's homestead property tax exemption to include manufactured home owners residing on land they don't own and owners of fixed structures (like permanent additions) on rented property, provided they live there. It amends existing law to clarify that these groups may apply for the exemption if they meet standard residency and ownership requirements. The key change removes previous barriers for these property types, allowing them to qualify for the same tax break as traditional homeowners. This directly affects low-to-moderate income residents living in manufactured homes on leased land or with permanent structures on rented property.
SB 1885 modifies Oklahoma's homestead tax exemption for homeowners. Starting in 2027, it phases in a full exemption from ad valorem taxes on homestead properties: 33% in 2027, 67% in 2028, and 100% from 2029 onward. This replaces previous exemption amounts and applies uniformly to all qualifying homeowners statewide. The bill takes effect January 1, 2027, with taxes for 2027 payable in 2027. It directly affects Oklahoma homeowners who qualify for homestead exemption under state law.
HB 3572 modifies Oklahoma's property tax exemption rules for charitable institutions, specifically affecting residential properties owned by such organizations. It requires that residential properties (both single-family and multi-family) used for charitable purposes maintain a minimum 75% occupancy rate annually to retain tax exemption status. Owners must report occupancy rates to county assessors by December 15 each year, with failure to meet the threshold resulting in loss of exemption for the following year. The bill also clarifies that properties financed with low-income housing tax credits or used for affordable housing projects may qualify under these rules.
SB 1828 exempts properties with an assessed value under $200 (after adjustments) from Oklahoma county tax rolls starting in 2027. This applies to all real estate, personal property, and public service accounts valued below this threshold. County assessors must exclude these low-value properties from tax roll listings, simplifying record-keeping for minor holdings. The bill directly affects owners of very low-value properties, such as small parcels or minimal personal assets, by removing them from formal tax roll documentation.
SB 1829 exempts manufactured home owners in Oklahoma from paying the state's excise tax if they provide proof of current year property tax payment. It directly affects individuals purchasing or owning manufactured homes who already pay ad valorem (property) tax, requiring them to submit a Manufactured Home Certificate (OTC Form 936) or equivalent proof. The bill amends tax law to replace the standard excise tax calculation (based on 50% of retail price for new homes) with this exemption for qualifying homeowners. The law takes effect November 1, 2026.
SB 1987 increases Oklahoma's homestead property tax exemption for homeowners. Starting in tax year 2027, all homesteads receive a base exemption of $2,000 (up from $1,000), with an additional $3,000 exemption possible if two conditions are met: the county's property tax revenue grew by at least 5% compared to the prior year, and the county commission approves the extra exemption. This bill directly affects homeowners in counties that meet the revenue growth threshold and receive county commission approval. The changes take effect November 1, 2026.
SB 1815 expands homestead exemption eligibility for manufactured home owners in Oklahoma who do not own the land their home sits on. It allows these residents to apply for the exemption if the home is their actual primary residence and they meet other standard requirements. The bill amends statutes to clarify that manufactured homes qualify for homestead exemption regardless of land ownership status, increasing the exemption for qualifying owners. This change directly affects manufactured home residents living on rented land who previously could not access this property tax benefit.
HB 3564 increases Oklahoma's homestead property tax exemption for homeowners aged 65 or older with household income at or below three times the state median. The base $1,000 exemption is raised annually by the dollar amount of the home's value increase from the previous year, if the homeowner meets income and age criteria. If income exceeds the threshold or the home's value decreases, the exemption amount remains fixed at the prior year's level until conditions improve. This change takes effect January 1, 2027.
HB 3178 changes how farm equipment and tractors are valued for property tax in Oklahoma. It requires county assessors to apply a specific 25% annual depreciation schedule: 75% of original cost in year one, 50% in year two, 25% in year three, and zero value from year four onward. This applies to equipment used in agricultural production on farms owned, leased, or operated by the owner. The bill affects Oklahoma farmers who own qualifying equipment by reducing their property tax burden after three years. It takes effect January 1, 2027.
