Budget & Taxes (Property Tax)

passed both · Oklahoma · House Apr 13, 2026

HJR 1087: Constitution; Vote of the People; ad valorem reimbursement; levels and methodologies of reimbursement in line with a certain purpose; requiring amounts be included in assessed valuation of taxable property for certain purposes; providing ballot title; and directing filing.

This bill proposes a constitutional amendment to create a five-year property tax exemption for new or expanded manufacturing facilities in Oklahoma, aiming to encourage businesses to locate or grow within the state. The exemption applies to qualifying manufacturing concerns that are new to the state or relocating, and it specifically covers expansions of existing facilities. To prevent financial harm to other local governments, the bill requires the Legislature to establish reimbursement systems for schools, counties, cities, and other entities that lose revenue due to the tax exemption, and it ensures these reimbursement amounts count toward debt limits for local governments. After the five-year exemption period ends, counties may retain up to 25% of the new property taxes generated from previously exempted facilities to fund additional economic development and job creation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates property tax exemptions for manufacturing, reducing tax burden on businesses and encouraging economic growth through fiscal incentives.90% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

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in committee · Oklahoma · House Feb 9, 2026

HJR 1060: Oklahoma Constitution; ad valorem; homestead exemption; disabled firefighters; disabled police officers; disabled volunteer police officers; surviving spouse; ballot title; filing.

This proposed constitutional amendment (HJR 1060) would create a full homestead exemption for the fair cash value of a primary residence for: - Disabled firefighters (100% service-connected), police officers (100% service-connected), and volunteer police officers (federally certified), along with their surviving spouses. Eligibility requires Oklahoma residency, certification of 100% disability, and prior or current homestead exemption eligibility. The exemption applies starting January 1, 2027, and allows qualifying individuals to transfer to a new homestead within the same calendar year while maintaining the exemption. This is a voter-approved constitutional change, not an existing law.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates full homestead exemption reducing property taxes for disabled first responders and survivors, providing targeted tax relief per legislative intent.90% confidence

Sub-Topics Property Tax

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in committee · Oklahoma · House Feb 4, 2025

HB 2462: Homestead exemption; Oklahoma Homestead Exemption Act of 2025; effective date.

HB 2462 creates the "Oklahoma Homestead Exemption Act of 2025," establishing a new homestead exemption for qualifying homeowners. This exemption protects primary residences from certain creditors and property liens, directly affecting Oklahoma homeowners who meet the criteria for this specific protection. The bill sets an effective date of November 1, 2025, and clarifies the exemption will not be codified into the Oklahoma Statutes.

Topics ✓ Budget & TaxesSupports Budget & TaxesHomestead exemption reduces property tax burden for qualifying homeowners, aligning with tax relief indicators for middle-income residents.85% confidence

Sub-Topics Property Tax

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died · Oklahoma · House Feb 12, 2026

HB 4278: Revenue and taxation; ad valorem; Oklahoma Tax Commission; form; county assessor; disabled veteran and surviving spouse; effective date.

HB 4278 requires Oklahoma counties to use a new form for disabled veterans and surviving spouses who purchase new homes, ensuring they receive property tax exemptions they previously qualified for. The form must confirm prior exemption status on their old home, and county assessors must update property records to reflect the new exemption after a sale. Counties must also send missing tax bills to owners who didn’t receive them due to delays in updating eligibility. The bill takes effect November 1, 2026, streamlining the process for qualifying veterans and spouses to maintain their tax relief.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnsures property tax exemptions for disabled veterans, providing tax relief for eligible homeowners, aligning with tax relief indicators under Budget & Taxes.95% confidence ✓ HousingSupports HousingBill ensures disabled veterans receive property tax exemptions on new home purchases, reducing housing costs for a vulnerable group and aligning with affordable housing support.85% confidence ✓ VeteransSupports VeteransBill ensures disabled veterans/surviving spouses receive property tax exemptions they qualified for by requiring county assessors to update records and send missing tax bills.95% confidence

Sub-Topics Property Tax Property Taxes Veteran Benefits

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in committee · Oklahoma · Senate Feb 3, 2026

SJR 36: Constitutional amendment; providing ad valorem exemption for veterans and unremarried surviving spouses.

This constitutional amendment (SJR 36) would create a phased property tax exemption for honorably discharged veterans and unremarried surviving spouses in Oklahoma. It provides increasing tax relief on household personal property and homesteads over four years: 25% in 2027, 50% in 2028, 75% in 2029, and full exemption by 2030. Eligibility requires Oklahoma residency and certification of honorable discharge (or surviving spouse status), expanding current exemptions beyond only disabled veterans. The amendment must be approved by voters as a constitutional change, not enacted by the legislature directly.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides phased property tax exemption for veterans and surviving spouses, reducing tax burden - direct tax relief aligning with support indicators for middle/lower income groups.95% confidence ✓ HousingSupports HousingTax exemption on homesteads reduces housing costs for veterans, advancing affordability through property tax relief on primary residences.85% confidence ✓ VeteransSupports VeteransExpands property tax exemption for veterans and surviving spouses, increasing relief annually to full exemption by 2030, broadening eligibility beyond current disabled veteran-only exemptions.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Memorials & Recognition Veteran Education

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in committee · Oklahoma · Senate Feb 23, 2026

SB 2146: Ad valorem tax; homestead exemption; modifying definitions. Effective date.

SB 2146 clarifies and updates Oklahoma's homestead tax exemption rules, affecting homeowners who qualify for property tax relief. It sets a 160-acre limit for rural homesteads (including agricultural land) and a 1-acre limit for urban homesteads, while specifying that agricultural land use categories are excluded from urban exemptions. The bill adds a special provision allowing tornado victims (from 2013 onward with a Presidential disaster declaration) to claim exemptions using simplified ownership documentation if they rebuilt elsewhere in Oklahoma. It also ensures parents living with children on jointly owned property can claim the full exemption. The changes take effect January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesClarifies homestead tax exemptions, providing property tax relief to qualifying homeowners including tornado victims, directly reducing tax burden for eligible residents.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Oklahoma · Senate Feb 5, 2026

SB 2144: Taxation; farm equipment; requiring certain entities to pay tax in lieu of ad valorem. Effective date.

SB 2144 creates a new tax in lieu of annual property tax for certain farm equipment. It requires retailers of farm equipment (including non-franchised dealers) and entities operating qualifying equipment to pay a flat tax based on the equipment's value, ranging from $6 to $108 depending on price brackets starting at $500. The tax replaces the standard property tax on this equipment but does not affect other property taxes, and dealers must affix tax stamps to sales invoices while maintaining logs for county assessors to inspect. The bill excludes repair parts and equipment sold through consignment or auctions, which remain subject to standard property tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates new tax mechanism replacing property tax for farm equipment, strengthening tax collection method within budget/tax framework.90% confidence

Sub-Topics Business Taxes Property Tax Sales Tax Tags Agriculture

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passed · Oklahoma · House Apr 1, 2026

HJR 1081: Oklahoma Constitution; ad valorem; senior fair cash value limit; ballot title; filing.

This bill proposes a constitutional amendment (HJR 1081) that would eliminate the income requirement for Oklahoma seniors to qualify for a property tax limit on their homesteads. Currently, seniors aged 65+ must meet an income threshold based on HUD median income for their area; this amendment removes that requirement while keeping the age, 7-year occupancy, and $700,000 property value cap. It would apply only to homesteads valued at $700,000 or less, with the tax limit frozen at the value when the owner turned 65 (or January 1, 1997, for those already eligible before 1997). The change requires voter approval via a ballot measure.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves income requirement for senior property tax relief, expanding access to tax benefit for low/middle-income seniors while maintaining caps.95% confidence ✓ HousingSupports HousingRemoves income barrier for senior property tax relief, increasing affordability for elderly homeowners on homesteads under $700k value.95% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Oklahoma · Senate Feb 25, 2026

SB 1842: Ad valorem tax; authorizing county treasurer to offer prepayment option. Effective date.

SB 1842 allows Oklahoma county treasurers to offer property owners the option to pay annual ad valorem (property) taxes in 12 monthly installments for the upcoming year. Eligible taxpayers must notify the county treasurer in writing between December 1 and January 15 each year, but cannot use this option if they have delinquent taxes, ongoing valuation protests, or pay taxes through escrow. Monthly payments are due by the 15th (or 31st for December), and missed payments may terminate the prepayment option, requiring full payment under standard rules. This provides an alternative payment schedule without changing tax rates or amounts, applying only to property taxes for the following calendar year.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables monthly property tax payments, easing taxpayer burden and promoting consistent revenue collection through structured fiscal management.90% confidence

Sub-Topics Property Tax

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died · Oklahoma · House Feb 12, 2026

HB 4103: Revenue and taxation; ad valorem; homestead exemption; additional homestead exemption; effective date.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases homestead exemptions, providing tax relief for lower-income homeowners. New $2,315 exemption for heads of households earning under $30k annually.95% confidence ✓ HousingSupports HousingIncreases homestead tax exemption for low-income homeowners ($30k income cap), directly reducing housing costs and promoting affordability.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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