Budget & Taxes (Property Tax)

died · Oklahoma · House Feb 9, 2026

HB 3347: Revenue and taxation; ad valorem; homestead exemption; age sixty-five or older; effective date.

HB 3347 would exempt Oklahoma homeowners aged 65 or older from all property taxes on their primary residence (homestead). Currently, homesteads receive a $1,000 tax exemption; this bill replaces that with full exemption for seniors. The change applies to all property taxes based on home value (ad valorem taxes) and takes effect January 1, 2027. It directly affects Oklahoma seniors living in their primary homes, reducing their property tax burden significantly. The bill amends Oklahoma Statutes Section 2889 to expand the existing homestead exemption for this age group.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts seniors from property taxes, providing tax relief for fixed-income homeowners through full homestead exemption.90% confidence ✓ HousingSupports HousingExempts seniors from property taxes, reducing housing costs for vulnerable residents and aligning with affordable housing goals.90% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Tags Seniors

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in committee · Oklahoma · House Feb 3, 2026

HJR 1064: Oklahoma Constitution; ad valorem; fair cash value of homestead; ballot title; filing.

This bill proposes a constitutional amendment to change Oklahoma's homestead property tax rules. Currently, seniors aged 65+ qualify for a tax limit on their primary home only if their household income stays below a yearly threshold set by the federal government. The amendment would eliminate that income requirement while keeping the age limit (65+) and adding a new rule: the homeowner must own the property free of any mortgage or debt. It would apply to seniors who meet these conditions and require voter approval through a state question.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves income requirement for senior homestead tax exemption, expanding tax relief for fixed-income seniors without increasing government spending or altering revenue streams.95% confidence ✓ HousingSupports HousingRemoves income requirement for senior homestead tax exemption, reducing property tax burden for eligible homeowners, advancing housing affordability for seniors.85% confidence

Sub-Topics Property Tax Homeownership Mortgages Property Taxes

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in committee · Oklahoma · House Feb 19, 2026

HB 3751: Revenue and taxation; ad valorem; homestead definition; mobile home; site-built home; effective date.

HB 3751 expands Oklahoma's homestead property tax exemption to include mobile homes and site-built homes (whether on owned or rented/leased land) when occupied as a primary residence. It clarifies that owners must actually reside there to qualify, with special provisions for tornado victims (2013+ disasters with federal disaster declarations). The bill defines rural homesteads as up to 160 acres and urban homesteads as no more than 1 acre. It takes effect January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for primary residences, providing tax relief to qualifying homeowners including mobile/homeowners, aligning with tax relief indicators.95% confidence ✓ HousingSupports HousingExpands homestead tax exemption to mobile homes and site-built homes on rented land, reducing housing costs for primary residents and increasing affordability.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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in committee · Oklahoma · House Feb 3, 2026

HB 3846: Revenue and taxation; ad valorem taxation; exemptions; affordable housing projects; effective date.

HB 3846 creates a new property tax exemption for affordable housing projects financed through Low Income Housing Tax Credits (LIHTC) under federal law. It directly affects developers and operators of such housing who receive LIHTC financing. The bill requires these properties to maintain at least 75% occupancy - either as a single-family dwelling or with an average 75% rate across multi-family units - to keep the tax exemption. If occupancy falls below this threshold, the property loses its exemption for the next assessment year, requiring annual reporting to county assessors.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for affordable housing developers, providing tax relief to incentivize housing projects meeting occupancy requirements.92% confidence ✓ HousingSupports HousingCreates tax exemption for LIHTC affordable housing projects, incentivizing development and requiring 75% occupancy to maintain affordability.90% confidence

Sub-Topics Property Tax Tax Incentives Affordable Housing Housing Finance Property Taxes

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in committee · Oklahoma · House Feb 3, 2026

HJR 1045: Oklahoma Constitution; fair cash value of homestead; limit; ballot title; filing.

This proposed constitutional amendment (HJR 1045) would limit annual increases in the assessed value of primary residences (homesteads) for property tax purposes. It applies to homeowners who have owned and occupied their home for at least 10 years and whose gross household income stays below HUD's low-income threshold for their county. If these conditions are met, the property's tax assessment cannot exceed the value from the 10th year of ownership, even if the home's market value rises. If the homeowner's income exceeds the HUD threshold or they stop living in the home, the tax assessment reverts to standard rules.

Topics ✓ Budget & TaxesSupports Budget & TaxesLimits property tax assessments for qualifying low-income homeowners, providing direct tax relief per HUD thresholds, aligning with support indicators for middle/lower income tax relief.95% confidence ✓ HousingSupports HousingBill limits property tax increases for eligible low-income homeowners, preventing tax burden from rising with market value. Directly supports affordable housing by maintaining long-term affordability for qualifying residents.90% confidence

Sub-Topics Property Tax Homeownership Property Taxes

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died · Oklahoma · House Feb 11, 2026

HB 4458: Revenue and taxation; five-year manufacturing exemption; legislative intent; effective date.

HB 4458 would extend a five-year property tax exemption for qualifying manufacturing facilities in Oklahoma, directly affecting new or expanded manufacturing operations that meet specific criteria. Key provisions include setting a $500,000 minimum investment threshold (adjusted annually for inflation) for facilities to qualify, clarifying that facilities need not remain unoccupied for 12 months to maintain the exemption after the first year, and requiring annual wage verification for certain applicants. The exemption applies to facilities engaged in transforming materials into new products, aircraft repair, specific data services, and large distribution centers meeting investment and employment benchmarks. This bill is currently in committee review (referred to Appropriations and Budget Finance Subcommittee) and has not yet passed.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends property tax exemption for qualifying manufacturers, providing tax relief for business investment - direct tax policy action95% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives

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in committee · Oklahoma · Senate Feb 3, 2026

SJR 28: Constitutional amendment; revenue neutral rate for ad valorem; millage adjustment.

This constitutional amendment (SJR 28) requires Oklahoma counties to calculate a "revenue neutral rate" each year - defined as the tax rate needed to generate the same revenue as the previous year based on current property valuations. Taxing jurisdictions (like cities or school districts) can only exceed this rate after holding a public hearing, providing detailed notices to taxpayers (including the proposed rate, budget needs, and previous rates), and obtaining a majority vote from their governing body. If jurisdictions fail to follow these steps, they must refund excess taxes collected. The bill also mandates that county assessors send taxpayers annual notices showing the revenue neutral rate, proposed changes, and how officials voted on tax rates. It takes effect January 1, 2028.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRequires revenue-neutral tax rates, restricting jurisdictional increases without public hearings/votes. Limits tax hikes rather than advancing funding or tax relief.92% confidence

Sub-Topics Property Tax

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in committee · Oklahoma · House Feb 3, 2026

HJR 1071: Oklahoma Constitution; ad valorem; veterans; partial exemption; ballot title; filing.

HJR 1071 proposes a constitutional amendment to expand Oklahoma's property tax exemption for veterans. It would create partial tax exemptions for veterans with service-connected disabilities rated 10% to 99% (not fully disabled), based on their disability percentage: $5,000 exemption for 10-29% ratings, $7,500 for 30-49%, $10,000 for 50-69%, and $12,000 for 70-99%. This directly affects qualifying veterans (and surviving spouses) who own homestead properties in Oklahoma and have previously met homestead exemption requirements. The exemption applies to the assessed value of their primary residence, with eligibility requiring Oklahoma residency and proof of disability certification. The amendment requires voter approval via a statewide referendum.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemptions for veterans with service-connected disabilities, reducing their tax burden - direct tax relief for qualifying veterans.95% confidence ✓ VeteransSupports VeteransExpands property tax exemptions for veterans with service-connected disabilities, directly increasing financial benefits based on disability rating.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Education Veteran Healthcare

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in committee · Oklahoma · House Feb 3, 2026

HB 3569: Revenue and taxation; ad valorem; homestead exemption; increase; effective date.

HB 3569 increases Oklahoma's homestead property tax exemption for qualifying homeowners starting in 2028. It directly affects homeowners with household income ≤3 times the state's median income (per U.S. Census data), allowing their exemption to grow annually based on three factors: last year's exemption amount, the property's value increase, and 20% of the current property value. Homeowners exceeding the income threshold will keep their previous year's exemption amount unchanged. The bill takes effect January 1, 2027, with the new calculation method applying to tax years beginning January 1, 2028, and 2029.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases homestead exemption for low-to-moderate income homeowners, reducing their property tax burden per bill's income threshold and exemption calculation rules.90% confidence ✓ HousingSupports HousingIncreases homestead tax exemption for low-income homeowners (≤3x median income), reducing housing costs and supporting affordability through tax relief.85% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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in committee · Oklahoma · House Feb 3, 2026

HJR 1058: Oklahoma Constitution; building fund; school district; operational expenses; ballot title; filing.

HJR 1058 is a proposed constitutional amendment to Oklahoma's Constitution that would allow school districts to use voter-approved property tax increases (up to 5 mills per $1,000 of assessed value) for operational expenses, in addition to current uses like building construction, repairs, and furniture. Currently, funds from the building and operations fund can only cover physical infrastructure and furniture. If approved by voters, this amendment would expand the permitted uses of these tax revenues to include "operations deemed necessary" by school districts. The measure requires a majority vote of qualified voters in the school district to approve the tax increase and its expanded use. The proposed ballot title clarifies this change without advocating for or against it.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands allowable use of voter-approved property tax revenue for school operational expenses, increasing funding flexibility for public education.90% confidence ✓ EducationSupports EducationExpands allowable school district fund usage from infrastructure to operational expenses, increasing flexibility for resource allocation in K-12 education.92% confidence

Sub-Topics Property Tax School Funding

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