SB 1842 Oklahoma Senate · 2026 Regular Session

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.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2026

Committee Review

Floor Vote

Governor

Introduced Feb 2, 2026 Last action Feb 25, 2026

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What changed between versions

Introduced → Floor (Senate) · 7 edits

MODERATE

The bill was amended to add a formal prepayment option for property taxes, allowing taxpayers to make 12 monthly installment payments for the following year instead of paying the full amount by January 1. The amendment also clarifies notification requirements and establishes specific rules for calculating and reporting prepayments.

Scope change

The bill now explicitly allows county treasurers to offer a prepayment option for ad valorem taxes, expanding payment flexibility for taxpayers who wish to spread payments over 12 months.

REQUIREMENT

Added a new Section 2 establishing a prepayment option allowing taxpayers to make 12 monthly installment payments for the following calendar year's taxes.

Added notification requirements requiring taxpayers to notify county treasurers in writing between December 1 and January 15 to elect or opt out of the prepayment option.

Added specific rules for calculating installment payments based on previous year's tax amount adjusted for anticipated property value changes.

Added requirement for county treasurers to calculate total prepayment amounts before November 1 and report them on taxpayer statements.

TIMELINE

Added payment schedule requiring installments to be paid on or before the 15th of each month (except December, which is the 31st).

ELIGIBILITY

Added four categories of accounts ineligible for prepayment: delinquent taxes, ongoing valuation protests, escrow account payments, and public service corporations.

TECHNICAL

Changed bill header from 'AS INTRODUCED' to 'SENATE FLOOR VERSION' indicating legislative progress and committee amendments.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 23, 2026

Upper · Passed

Reported Do Pass as amended Revenue and Taxation committee; CR filed

upper

Feb 2, 2026

Introduced

First Reading

upper

1 primary · 0 co-sponsors