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OK HB3801

OK HB3801
Revenue and taxation; ad valorem; homestead exemption; effective date.


summary

Introduced
02/02/2026
In Committee
02/03/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

An Act relating to revenue and taxation; amending 68 O.S. 2021, Section 2889, which relates to homestead exemption from ad valorem taxation; increasing homestead exemption; and providing an effective date.

AI Summary

This bill amends an existing Oklahoma law concerning homestead exemptions from ad valorem taxation, which are taxes based on the assessed value of property. Specifically, it increases the amount of assessed valuation that a homestead, defined as a primary residence, is exempt from these taxes from $1,000 to $2,000. The bill also specifies that this change will take effect on November 1, 2026.

Sponsors (1)

Last Action

Second Reading referred to Rules (on 02/03/2026)

bill text


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