Oklahoma 2026 Regular Session

Oklahoma Senate Bill SB823

Introduced
2/3/25  

Caption

Ad valorem tax; increasing homestead exemption; expanding homestead eligibility. Effective date.

Summary

SB 823 would revise Oklahoma’s ad valorem tax laws governing homestead exemptions and manufactured homes. The bill allows an owner-occupant of a manufactured home to claim a homestead exemption whether the home is located on land the owner owns or on land the owner does not own, so long as the home is the person’s actual residence and otherwise meets homestead requirements. It also directs county assessors and treasurers to transmit manufactured-home tax payment information to the Oklahoma Tax Commission for tracking in the state’s data system. The bill further amends the definition of “homestead” to expressly include a manufactured home or a fixed structure located on land not owned by the occupant, and it increases the homestead exemption from $1,000 to $1,500 of assessed valuation. The measure retains existing rules on who may claim a homestead, including provisions for rural and urban homesteads, surviving spouses, military service members, tornado-displaced homeowners, and certain disabled veterans and surviving spouses in city- or town-owned housing arrangements. The effective date is November 1, 2025.

Impact

SB 823 would change Title 68 of the Oklahoma Statutes by expanding homestead exemption eligibility for manufactured-home owners and by increasing the amount of the homestead exemption. It would affect county assessors, county treasurers, and the Oklahoma Tax Commission by adding reporting and tracking duties for manufactured-home ad valorem tax payments. The bill would also reduce taxable assessed valuation for qualifying homesteads, potentially lowering property tax liability for homeowners who qualify under the expanded rules.

Sentiment

The available record shows no committee transcript and no recorded votes, so there is no documented floor or committee debate to indicate strong support or opposition. Based on the bill’s caption and text, the measure appears generally pro-tax-relief and homeowner-friendly, aimed at expanding access to the homestead exemption and increasing the exemption amount. Its referral through Revenue and Taxation and then Appropriations suggests it was treated as a fiscal measure with potential revenue implications.

Contention

The main policy issues likely concern the fiscal impact of increasing the homestead exemption and broadening eligibility to more manufactured-home residents, especially those who do not own the underlying land. Counties and state tax administrators may also be affected by the new reporting requirements. Any opposition would likely center on reduced ad valorem revenue, administrative complexity, or whether the expanded definition of homestead should apply to homes on leased land, while supporters would emphasize tax relief and parity for manufactured-home owners.

Companion Bills

OK SB823

Carry Over Ad valorem tax; increasing homestead exemption; expanding homestead eligibility. Effective date.

Previously Filed As

OK SB823

Ad valorem tax; increasing homestead exemption; expanding homestead eligibility. Effective date.

OK HB1198

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

OK SB818

Ad valorem tax; modifying amount of exemption, income limit, and age for additional homestead exemption. Effective date.

OK HB2462

Homestead exemption; Oklahoma Homestead Exemption Act of 2025; effective date.

OK HB2466

Homestead exemption; Oklahoma Homestead Exemption Act of 2025; effective date.

OK HB2464

Homestead exemption; Oklahoma Homestead Exemption Act of 2025; effective date.

OK HJR1009

Oklahoma Constitution; ad valorem; homestead exemption; disabled veterans; ballot title; filing.

OK SJR10

Constitutional amendment; vote of the people; expanding veteran ad valorem exemption.

OK HB1890

Revenue and taxation; ad valorem; definition; physical inspection; exemptions; effective date.

OK HJR1026

Oklahoma Constitution; ad valorem; fair cash value for homestead exemption; ballot title; filing.

Similar Bills

NJ S2118

Revises criteria to establish base year for homestead property tax reimbursement after relocation.

NJ A4674

Revises criteria to establish base year for homestead property tax reimbursement after relocation.

OK SB1999

Ad valorem tax; authorizing certain owners of manufactured homes, fixed structures and improvements to apply for homestead exemption. Effective date.

NJ A2917

Extends eligibility for homestead rebates to residents making payments in lieu of taxes.

NJ S137

Increases income eligibility limit for homestead property tax reimbursement program.

NJ A272

Increases income eligibility limit for homestead property tax reimbursement program.

OK SB823

Ad valorem tax; increasing homestead exemption; expanding homestead eligibility. Effective date.

NJ S91

"Homestead School Property Tax Reimbursement Act"; provides State reimbursement for 50% of school property taxes paid by seniors, 65 years and older.