OK SB681

Amends 68 O.S. 2021, Section 2876 to require county assessor notices of property valuation increases to include information about homestead fair cash value limitations under Section 8C of Article X of the Oklahoma Constitution.

Notices of real property valuation increases must include current and preceding year fair cash values, taxable fair cash values, assessed values, and assessment percentages.

Notices of personal property valuation increases must describe the property, provide current year fair cash value and assessment percentage, include any applicable penalties, and show current year assessed value.

Taxpayers have 30 calendar days from mailing date to file written protests with the county assessor, which must be made on forms prescribed by the Oklahoma Tax Commission.

Becomes effective November 1, 2025.