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OK HB4496

Bill

Official Source

Status

Introduced

2/2/2026

Primary Sponsor

Tammy Townley

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Increases the homestead exemption from ad valorem (property) taxation from $1,000 to $2,000 of assessed valuation
  • Amends 68 O.S. 2021, Section 2889, which governs homestead exemptions under the Oklahoma Constitution
  • Homesteads remain assessed for taxation the same as other real property, with only the exemption amount changing
  • Effective date: November 1, 2026

Legislative Description

Revenue and taxation; ad valorem; homestead exemption; effective date.

Last Action

Second Reading referred to Rules

2/3/2026

Committee Referrals

Rules2/3/2026

Full Bill Text

No bill text available