Oklahoma House Bill HB3287

Oklahoma 2024 Regular Session

• Introduced: 2/5/24
• Refer: 2/6/24

Caption

Revenue and taxation; ad valorem taxation; manufactured homes; listing; effective date.

Impact

The bill would amend the existing legal framework governing the taxation of manufactured homes, specifically distinguishing between those located on owned land classified as real property and those on rented land treated as personal property. By implementing these changes, HB3287 could significantly impact tax revenues for local governments, as it seeks to provide a more straightforward assessment process.

Summary

House Bill 3287 introduces amendments to Section 2812 of the Oklahoma Statutes concerning the listing and assessment of manufactured homes for ad valorem taxation. The proposed legislation aims to clarify the requirements under which a manufactured home is considered real property if situated on land owned by the owner of the home. This bill is an effort to streamline how manufactured homes are assessed for taxes and ensure clarity in ownership and exemptions associated with these homes.

Contention

While the details of discussions surrounding the bill were not fully captured, concerns may arise regarding the differentiation of tax classifications for manufactured homes. Stakeholders might debate the implications of such classifications, particularly how they affect property owners' rights and responsibilities in relation to property tax obligations. Furthermore, the effectiveness of the homestead exemption processes for manufactured homes listed as real property compared to personal property could also be a point of contention.