Budget & Taxes (Property Tax)

in committee · Oklahoma · House Feb 3, 2026

HB 4496: Revenue and taxation; ad valorem; homestead exemption; effective date.

HB 4496 increases the homestead exemption from ad valorem property taxation in Oklahoma from $1,000 to $2,000 per qualifying homestead. This change directly affects Oklahoma homeowners who qualify as homestead owners under state law, reducing their property tax burden on the first $2,000 of their home's assessed value. The bill amends Section 2889 of Oklahoma Statutes to update the exemption amount, maintaining the existing classification of homesteads for tax purposes. It will take effect on November 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases homestead exemption from $1,000 to $2,000, reducing property tax burden for qualifying homeowners, providing direct tax relief.95% confidence

Sub-Topics Property Tax

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in committee · Oklahoma · House Feb 3, 2026

HB 3135: Revenue and taxation; ad valorem; homestead exemption; effective date.

HB 3135 increases Oklahoma's homestead property tax exemption for homeowners. It raises the base exemption from $1,000 to $2,000 per homestead and adds a conditional $3,000 exemption if two conditions are met: (1) a county's ad valorem tax revenue grows by at least 5% compared to the prior year, and (2) the county commissioners approve the additional exemption. This bill directly affects homeowners in counties meeting the revenue growth threshold, effective January 1, 2027. The key mechanism requires both verified revenue growth and local government approval to trigger the higher exemption amount.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases homestead property tax exemption, providing direct tax relief to homeowners, aligning with tax relief indicators for middle/lower income.95% confidence

Sub-Topics Property Tax Revenue Tax Incentives

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in committee · Oklahoma · House Feb 3, 2026

HB 4485: Revenue and taxation; ad valorem; valuation method; fair cash value; low income housing tax credit; county assessor; effective date.

HB 4485 requires county assessors to value real property financed with federal low-income housing tax credits (under IRS Section 42) using the income-approach method for property tax assessments. It explicitly prohibits including the value of federal or state low-income housing tax credits when determining a property’s fair cash value. Property owners must provide written notice to the county assessor by January 1 each year if the property uses such credits. The bill takes effect January 1, 2027, and applies specifically to properties using federal tax credits for low-income housing development.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes tax credit value from property assessments, reducing taxes for low-income housing properties, aligning with tax relief for lower-income housing.95% confidence ✓ HousingSupports HousingPrevents property tax increases on low-income housing projects by excluding tax credits from valuations, supporting affordability and preserving incentives for developers.90% confidence

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

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in committee · Oklahoma · Senate Apr 1, 2026

SB 2001: Homestead exemption; authorizing exemption for certain people with homesteads that were purchased by the Oklahoma Turnpike Authority. Effective date.

This bill helps Oklahoma homeowners displaced by turnpike construction by matching their new property tax burden to what they paid on their previous home. For the first three tax years after moving, eligible homeowners get an extra tax exemption equal to the difference between their old home's tax bill and their new home's tax bill. It applies specifically to those who owned a home purchased by the state's Department of Transportation for a turnpike project and now claim a new homestead exemption. The exemption begins for tax year 2027 and lasts three years.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption to displaced homeowners, reducing property tax burden for 3 years, aligning with tax relief for lower/middle income.90% confidence ✓ HousingSupports HousingProvides tax relief to displaced homeowners, reducing financial burden and supporting housing affordability after displacement by infrastructure projects.85% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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in committee · Oklahoma · House Feb 3, 2026

HJR 1082: Oklahoma Constitution; ad valorem; veterans; partial exemption; ballot title; filing.

This proposed constitutional amendment (HJR 1082) would create partial property tax exemptions for Oklahoma veterans with service-connected disabilities below 100%. It directly affects veterans honorably discharged from military service who have a disability rating of 10% to 99% and are certified by the U.S. Department of Veterans Affairs. The bill establishes specific exemption amounts based on disability percentage: $5,000 for 10-29%, $7,500 for 30-49%, $10,000 for 50-69%, and $12,000 for 70-99%. To qualify, applicants must prove Oklahoma residency and meet existing homestead exemption requirements. The measure requires voter approval as a constitutional amendment.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemptions (up to $12,000) for veterans with service-connected disabilities, reducing their tax burden and aligning with tax relief for lower-income groups.95% confidence ✓ VeteransSupports VeteransProvides property tax exemptions for veterans with service-connected disabilities, reducing financial burden as a direct benefit expansion.95% confidence

Sub-Topics Property Tax

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passed · Oklahoma · House Apr 1, 2026

HJR 1046: Oklahoma Constitution; ad valorem; property exempt; meteorological event; ballot title; filing.

This proposed constitutional amendment (HJR 1046) would add a 100% property tax exemption for primary residences in Oklahoma damaged or destroyed by qualifying weather events (like tornadoes, hail, or high winds). It directly affects homeowners whose primary residence becomes uninhabitable due to such events, exempting the full assessed value of the property from ad valorem taxes during the tax year of damage (or the following year if damage occurs after June). The exemption applies only to properties deemed "uninhabitable" and unable to be safely occupied for residential use. This amendment requires voter approval through a legislative referendum before taking effect.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides targeted tax exemption for primary residences damaged by weather events, reducing state tax revenue for affected homeowners and aligning with tax relief support for middle-income residents.95% confidence

Sub-Topics Property Tax Tax Incentives

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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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