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

Summary

The bill amends Oklahoma law to exempt the first $1,000 to $2,000 of a homestead’s assessed value from ad valorem taxes. It applies to every homestead owner in the state, offering modest tax relief. The change takes effect on November 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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