Loading chat...
OK SB681
Bill
AI Summary
-
County assessors must include information about the homestead fair cash value limitation application (under Article X, Section 8C of the Oklahoma Constitution) when sending property valuation increase notices to homestead property owners
-
Homestead properties are defined according to Section 2888 of Title 68, and the new notice requirement specifically applies to real property classified as a homestead
-
Existing notice requirements remain unchanged: notices for real property valuation increases must still include current fair cash value, taxable fair cash value for both years, assessed values for both years, and assessment percentages for both years
-
Effective date is November 1, 2025
Legislative Description
Ad valorem tax; requiring notice of valuation increase to include information on limitation of fair cash value. Effective date.
Last Action
Approved by Governor 05/08/2025
5/12/2025