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.
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.
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.
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.
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.
SB 1858 allows Oklahoma cities and counties to require property owners in designated development zones to enter binding agreements guaranteeing payments for project financing. These payments can secure bonds issued for development costs, with the property itself serving as collateral through liens that take priority over mortgages (but not existing tax liens). The bill ensures such bonds don't count as general municipal debt, limiting repayment solely to the agreed payments and project revenues. Property owners in these designated areas would face direct financial obligations under these agreements, while public entities act as conduits without assuming broader debt liability.
HB 3839 establishes unconditional ownership for owner-occupied residential property in Oklahoma after residential property taxes are eliminated (via State Question 842). It prohibits governments from imposing substitute fees, liens, or assessments that function like tax forfeiture, and bans forced sales for nonpayment of non-tax charges. Homeowners can seek legal remedies, including injunctions or attorney fees, if these protections are violated. The law applies only to residential properties where the owner resides, not commercial or rental properties.
This bill increases Oklahoma's homestead tax exemption for eligible homeowners by the annual change in their property's fair market value, but only if their household income is at or below three times the state median. The county assessor must adjust the exemption each year based on the previous year's property value change. Homeowners exceeding the income threshold will retain their current exemption amount until income drops below the limit, and exemptions stay frozen if property values decrease. The change takes effect January 1, 2027.
This proposed constitutional amendment (HJR 1041) would expand Oklahoma's homestead exemption to include surviving spouses of veterans who died in military service and received "Gold Star" status from the U.S. Department of Defense. It would allow these surviving spouses to claim a full property tax exemption on their homestead until they remarry, provided they reside in Oklahoma and previously qualified for the homestead exemption. The change applies retroactively to properties owned as of the 2014 calendar year by surviving spouses of veterans previously determined to have died in duty. This is a voter-approved constitutional amendment, not a law, and would require approval in a statewide referendum.
HB 3308 increases property tax exemptions for Oklahoma homesteads (primary residences) over three years: 33.3% off taxes in 2027, 66.6% in 2028, and 100% starting in 2029. It applies uniformly to all qualifying homesteads statewide, replacing any smaller existing exemptions. The exemption does not apply to property taxes covering pre-2027 bonded debt (like school bonds) for local governments. The Oklahoma Tax Commission must create implementation rules by December 2026, with county assessors applying the new exemption automatically to current homestead properties.
