Housing

HB 1177 prohibits recording "unfair service agreements" related to residential real estate in Oklahoma property records. It requires county clerks to refuse such recordings and states that any accidentally recorded agreement is void and provides no notice to buyers, creditors, or title companies. The bill directly affects residential property buyers, title companies, and owners by preventing hidden service agreements from appearing in public records. It becomes effective November 1, 2025, and ensures these agreements cannot legally bind future property owners.

HB 1198 adds a $1,000 property tax break for Oklahoma homeowners with household income under $30,000 annually. It directly affects low-income primary homeowners (defined as those maintaining a home and providing for household necessities) by exempting $1,000 of their property's assessed value from taxes. Homeowners must apply yearly by March 15 (or within 30 days of a valuation notice) and certify income, which includes most earnings like Social Security but excludes veterans' benefits and pandemic relief payments. Seniors aged 65+ who previously qualified do not need annual applications but must report income exceeding $30,000 to maintain the exemption.