Ad Valorem Tax Code; equalization ratio study; prescribing compliance requirements for counties. Effective date.

Summary

The bill directs the Oklahoma Tax Commission to run an annual equalization ratio study for each county, measuring assessed values against fair cash values. Counties that meet tight accuracy thresholds will be certified as compliant. The law also requires a new computer system to support the study and takes effect on November 1, 2026.

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

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