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OK SB1815
Bill
AI Summary
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Expands homestead exemption eligibility to owners of manufactured homes located on land they do not own, provided the home is their actual residence and meets other homestead requirements
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Increases the homestead exemption from $1,000 of assessed valuation to the full amount of assessed valuation, effectively eliminating ad valorem taxes on qualifying homesteads
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Amends the definition of homestead to explicitly include manufactured homes or fixed structures located on land not owned by the owner
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Updates statutory language by changing "must" to "shall" regarding deed recording requirements and correcting references to constitutional provisions
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Effective date: November 1, 2026
Legislative Description
Ad valorem tax; authorizing certain owners of manufactured home to apply for homestead exemption. Effective date
Last Action
Second Reading referred to Revenue and Taxation
2/3/2026