Budget & Taxes (Property Tax)

signed · Oklahoma · House May 13, 2025

HB 1663: Revenue and taxation; ad valorem tax; delinquent tax; sale procedures; online procedures; effective date.

HB 1663 updates Oklahoma's procedures for selling property to recover unpaid property taxes. It allows counties to conduct tax sales online during the second week of June (instead of only in-person), requiring clear notice of sale details, including property descriptions, tax amounts due, and online auction links. The bill mandates that online sales follow the same rules as in-person sales, including requiring bids to meet at least two-thirds of the property's assessed value or the total unpaid taxes, whichever is lower. This directly affects property owners with delinquent taxes, county treasurers managing sales, and mortgagees who must receive notice of the sale.

Topics ✓ Budget & TaxesSupports Budget & TaxesUpdates tax sale procedures to improve collection efficiency, strengthening revenue collection for state budgets.95% confidence

Sub-Topics Property Tax

signed · Oklahoma · Senate May 28, 2025

SB 688: Ad valorem tax; providing exception to certain payroll requirements for manufacturing exemption. Emergency.

SB 688 grants a 5-year property tax exemption for qualifying manufacturing facilities in Oklahoma, directly affecting manufacturers that meet specific investment, wage, and sales criteria. The bill exempts new or expanded facilities (including research labs) from ad valorem taxes if they invest at least $500,000 (adjusted annually for inflation) in qualifying assets, pay new jobs at or above Oklahoma Quality Jobs Program wage standards, and meet sales requirements (e.g., 50% revenue from out-of-state buyers for tech facilities). Facilities must annually file affidavits with the Oklahoma Tax Commission to verify eligibility. This law, enacted May 28, 2025, modifies existing tax exemptions to streamline eligibility for manufacturers expanding operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 5-year property tax exemption for qualifying manufacturers, reducing tax burden on businesses to incentivize investment and job creation per Oklahoma Quality Jobs Program criteria.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentRequires new manufacturing jobs to meet Oklahoma Quality Jobs wage standards, advancing labor compensation requirements for qualifying facilities.95% confidence

Sub-Topics Property Tax Tax Incentives

in committee · Oklahoma · House Feb 4, 2025

HJR 1026: Oklahoma Constitution; ad valorem; fair cash value for homestead exemption; ballot title; filing.

This bill proposes a constitutional amendment to Oklahoma's Section 8C, modifying the income threshold for seniors aged 65+ to qualify for a homestead property tax benefit. Currently, eligibility is based on HUD's county-specific median income; the bill would change this to triple the state's median income (using a single statewide figure instead of county-by-county). This change would allow more seniors to maintain their frozen property tax valuation after turning 65, provided their household income stays below the new threshold. The amendment requires voter approval via ballot referendum.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies homestead exemption to lower income threshold, expanding tax relief for seniors. Directly reduces property tax burden for qualifying households.95% confidence ✓ HousingSupports HousingExpands homestead tax exemption eligibility for seniors, reducing property tax burden to maintain housing stability for vulnerable homeowners.95% confidence

Sub-Topics Property Tax Property Taxes

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signed · Oklahoma · Senate May 12, 2025

SB 681: Ad valorem tax; requiring notice of valuation increase to include information on limitation of fair cash value. Effective date.

SB 681 amends Oklahoma's property tax notice requirements to ensure homeowners with homestead properties receive clear information about value limits. Specifically, it requires county assessors to include details on applying for a "limit on fair cash value" (a homestead property tax cap) in written notices when property valuations increase. This applies directly to Oklahoma homeowners whose primary residence qualifies as a homestead under state law. The bill does not change tax rates but improves transparency in the notification process for affected property owners.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires notices to include homestead tax cap application info, enabling homeowners to access existing property tax relief without changing rates.90% confidence ✓ HousingSupports HousingBill requires tax notices with homestead cap info, helping homeowners avoid sudden tax increases and maintain housing affordability for primary residences.90% confidence

Sub-Topics Property Tax Property Taxes

signed · Oklahoma · Senate May 14, 2025

SB 577: Ad valorem tax; requiring submission of certain information for eligibility of certain exemption; requiring the Oklahoma Tax Commission to share information with the Incentive Evaluation Commission. Effective date.

SB 577 requires manufacturing facilities seeking a five-year property tax exemption to submit annual information to the Oklahoma Tax Commission, including proof of out-of-state sales revenue and wage compliance. It mandates the Tax Commission to share specific data with the Incentive Evaluation Commission to verify exemption eligibility. The bill updates requirements for facilities to qualify, including an annual investment cost threshold adjusted for inflation (based on CPI) and wage standards tied to Oklahoma's Quality Jobs Program. This affects manufacturers building, expanding, or acquiring facilities with qualifying investments, ensuring transparency in tax exemption programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesTightens tax exemption requirements for manufacturing, requiring verification of wage/investment compliance to prevent misuse and promote fiscal responsibility.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentRequires wage compliance for tax exemptions, enforcing minimum wage standards to protect workers' rights as part of exemption eligibility criteria.90% confidence

Sub-Topics Property Tax Tax Incentives

in committee · Oklahoma · House Feb 4, 2025

HJR 1001: Oklahoma Constitution; ad valorem; senior fair cash value limit; ballot title; filing.

HJR 1001 proposes a constitutional amendment to Oklahoma's property tax system. It would eliminate the income requirement for seniors aged 65+ who own and occupy their homes, while maintaining other conditions: the home's property tax value must be $500,000 or less, and the owner must have lived there for 10 years (allowing up to 365 days away in a decade). The amendment keeps existing rules requiring age, occupancy, and the $500,000 value cap, but removes the need to meet income thresholds based on HUD's county median. This change would apply only to homesteads subject to the current tax limitations.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves income requirement for senior property tax relief, expanding eligibility under $500k cap, providing tax relief for fixed-income seniors.95% confidence ✓ HousingSupports HousingRemoves income requirement for senior property tax exemption, increasing affordability for elderly homeowners without altering other caps.90% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Oklahoma · Senate Feb 4, 2025

SB 823: Ad valorem tax; increasing homestead exemption; expanding homestead eligibility. Effective date.

SB 823 increases the homestead tax exemption for manufactured home owners in Oklahoma. It allows residents of manufactured homes to qualify for the exemption even if they don't own the land the home sits on, provided it's their primary residence and meets other requirements. The bill amends existing tax code to expand eligibility under Sections 2812 and 2888, directly affecting manufactured home owners who previously might have been ineligible due to land ownership rules. This change aims to provide greater tax relief to qualifying homeowners.

Topics ✓ Budget & TaxesSupports Budget & TaxesSB 823 expands homestead tax exemption eligibility for manufactured home owners, providing direct tax relief to lower/middle-income residents by reducing property tax burden.95% confidence ✓ HousingSupports HousingExpands tax exemption eligibility for manufactured home owners, reducing housing costs and increasing affordability for primary residents.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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died · Oklahoma · Senate Feb 10, 2025

SB 689: Ad valorem tax; modifying payroll requirement for certain industry. Effective date. Emergency.

SB 689 modifies Oklahoma's property tax exemption for qualifying manufacturing facilities by adjusting the minimum investment threshold for eligibility to $500,000 (adjusted annually for inflation via the Consumer Price Index) and adding a new wage requirement. Facilities seeking exemption must now pay new employees an average annual wage meeting Oklahoma Quality Jobs Program standards for the year the property was placed in service. This bill directly affects manufacturing facilities, including those in aircraft repair, computer services, distribution centers, and custom order manufacturing, by changing how they qualify for a five-year property tax exemption. It updates definitions, clarifies payroll requirements, and requires annual publication of the adjusted investment threshold by the Oklahoma Tax Commission.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies tax exemption criteria to require higher wages/investment, closing potential loopholes and strengthening fiscal management by increasing state revenue from qualifying facilities.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill requires manufacturing facilities to meet wage standards for tax exemption, advancing employment standards through mandatory wage thresholds.85% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Oklahoma · House Feb 4, 2025

HJR 1004: Oklahoma Constitution; fair cash value of homestead; limit; ballot title; filing.

HJR 1004 proposes a constitutional amendment to limit property tax increases for Oklahoma homesteads. It would freeze the tax assessment value of a primary residence for homeowners who have owned and occupied the property for at least 10 years and whose gross household income stays below HUD's low-income threshold for their county. The cap remains in effect as long as these conditions are met, but any property improvements would be added to the assessed value while still respecting the frozen baseline. If homeowners move out or exceed the income limit, the property reverts to standard tax assessment rules. This measure requires voter approval via ballot referendum.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly limits property tax increases for homesteads, restricting tax growth for qualifying homeowners.90% confidence ✓ HousingSupports HousingFreezes property tax assessments for low-income homeowners, protecting housing affordability and property rights under homestead protections.85% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Oklahoma · House Feb 4, 2025

HJR 1005: Oklahoma Constitution; ad valorem; senior fair cash value limit; ballot title; filing.

This proposed constitutional amendment would change Oklahoma's property tax rules for seniors. It would allow homeowners aged 65+ who've lived in their homes for at least 10 years to freeze their property tax value at the level when they turned 65, without needing to meet current income limits. The freeze applies only to homes valued at $500,000 or less, and would eliminate the existing income threshold requirement. The change requires voter approval to take effect.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief for seniors by freezing assessed value, reducing their tax burden without income limits for homes under $500k.95% confidence

Sub-Topics Property Tax Tags Seniors

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