Taxation; modifying qualifications and amount of claims for property tax relief. Effective date.

This bill increases property tax relief eligibility for Oklahoma seniors (65+) and disabled residents. It raises the income limit for qualifying households from $12,000 to $38,000 annually and increases the maximum annual tax relief from $200 to $2,000. Relief is calculated as property taxes paid above 1% of household income, but capped at $2,000 per claim. The changes apply to claims for taxes paid in the prior calendar year and take effect January 1, 2026.