SB 681
Ad valorem tax; requiring notice of valuation increase to include information on limitation of fair cash value. Effective date.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill changes how Oklahoma property owners receive notices of increased property valuations. It requires that these notices include information about the limitation on fair cash value, which is a factor used to determine how much a property’s value can increase each year. The goal is to provide more transparency to taxpayers regarding how their property taxes are calculated. The bill also sets an effective date for these changes.
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