Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB681 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	SB681 HFLR Page 1
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	3	+	ENGR. S. B. NO. 681 Page 1 1
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29		-	HOUSE OF REPRESENTATIVES - FLOOR VERSION
30		-
31		-	STATE OF OKLAHOMA
32		-
33		-	1st Session of the 60th Legislature (2025)
34	27
35	28		ENGROSSED SENATE
36	29		BILL NO. 681 By: Jech of the Senate
37	30
38	31		and
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40	33		Johns of the House
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45	38		An Act relating to ad valorem tax; amending 68 O.S.
46	39		2021, Section 2876, as last amended by Section 2,
47	40		Chapter 335, O.S.L. 2022 (68 O.S. Supp. 2024, Section
48	41		2876), which relates to notice of increase of
49	42		property valuation and protest; requiring certain
50	43		notice of valuation increase to include information
51	44		on the limitation on fair cash value of certain
52	45		homesteads; and providing an effective date .
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59	52		BE IT ENACTED BY THE P EOPLE OF THE STATE OF OKLAHOMA:
60	53		SECTION 1. AMENDATORY 68 O.S. 2021, Section 2876, as
61	54		last amended by Section 2, Chapter 335, O.S.L. 2022 (68 O.S. Supp.
62	55		2024, Section 2876), is amended to read as follows:
63	56		Section 2876. A. If the county assessor increases the
64	57		valuation of any personal property above that returned by the
65	58		taxpayer, or in the case of real property increases the fair cash
66	59		value or the taxable fair cash value from the preceding year, or
67	60		pursuant to the requirements of l aw if the assessor has added
	61	+	property not listed by the taxpayer, the county assessor shall
	62	+	notify the taxpayer in writing of the amount of such valuation as
	63	+	increased or valuation of property so added. Provided, if the
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69		-	SB681 HFLR Page 2
70		-	BOLD FACE denotes Committee Amendme nts. 1
	65	+	ENGR. S. B. NO. 681 Page 2 1
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95		-	property not listed by the taxpayer, the county assessor shall
96		-	notify the taxpayer in writing of the amount of such valuat ion as
97		-	increased or valuation of property so added. Provided, if the
98	90		county assessor determines that a m ailing to property owners exempt
99	91		from payment of ad valorem tax pursuant to Sections 8E and 8F of
100	92		Article X of the Oklahoma Constitution would create an undue burden,
101	93		then the county assessor may suspend notifications to those property
102	94		owners.
103	95		B. For cases in which the taxable fair cash value or fair cash
104	96		value of real property has increased, the notice shall include the
105	97		fair cash value of the property for the current year, the taxable
106	98		fair cash value for the preceding and current year, the assessed
107	99		value for the preceding and current year and the assessment
108	100		percentage for the preceding and current year. For cases in which
109	101		the real property is a homestead, as defined in Section 2888 of this
110	102		title, the notice shall include infor mation on the application for a
111	103		limit on the fair cash value of a homestead property as provided for
112	104		in Section 8C of Article X of the Oklahoma Constitution.
113	105		C. For cases in which the county assessor increases the
114	106		valuation of any personal property above that returned by the
115	107		taxpayer, the notice shall describe the property with sufficient
116	108		accuracy to notify the taxpayer as to the property included, the
117	109		fair cash value for the current year, the assessment percentage for
118	110		the current year, any penalty for the current year pursuant to
	111	+	subsection C of Section 2836 of this title and the assessed value
	112	+	for the current year.
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120		-	SB681 HFLR Page 3
121		-	BOLD FACE denotes Committee Amendme nts. 1
	114	+	ENGR. S. B. NO. 681 Page 3 1
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146		-	subsection C of Section 2836 of this title and the assessed value
147		-	for the current year.
148	139		D. The notice shall be mailed to the taxpayer at the taxpayer ’s
149	140		last-known address and shall clearly be marked with the mailing
150	141		date. The assessor shall have the capabil ity to duplicate the
151	142		notice, showing the date of mailing. Such record shall be prima
152	143		facie evidence as to the fact of notice having been given as
153	144		required by this section.
154	145		E. The taxpayer shall have thirty (30) calendar days from the
155	146		date the notice was mailed in which to file a written protest with
156	147		the county assessor specifying objections to the increase in fair
157	148		cash value or taxable fair cash value by the county assessor;
158	149		provided, in the case of a scrivener ’s error or other admitted error
159	150		on the part of the county assessor, the assessor may make
160	151		corrections to a valuation at any time, notwithstanding the thirty -
161	152		day period specified in this subsection. The protest shall set out
162	153		the pertinent facts in relation to the matter contained in the
163	154		notice in ordinary and concise language and in such manner as to
164	155		enable a person of common understanding to know what is intended.
165	156		The protest shall be made upon a form prescribed by the Oklahoma Tax
166	157		Commission.
167	158		F. A taxpayer may file a protest if the valuation of p roperty
168	159		has not increased or decreased from the previous year if the protest
	160	+	is filed on or before the first Monday in April. Such protest shall
	161	+	be made upon a form prescribed by the Oklahoma Tax Commission.
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170		-	SB681 HFLR Page 4
171		-	BOLD FACE denotes Committee Amendme nts. 1
	163	+	ENGR. S. B. NO. 681 Page 4 1
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196		-	is filed on or before the first Monday in April. Such protest shall
197		-	be made upon a form prescribed by the Oklahoma Tax Commission.
198	188		G. At the time of filing a protest pursuant to subsections E
199	189		and F of this section, the taxpayer shall also file the form
200	190		provided for in Section 2835 of this title. If the taxpayer fails
201	191		to file the required form, a presumption shall exist in favor of the
202	192		correctness of the county assessor ’s valuation in any appeal of the
203	193		county assessor’s valuation.
204	194		H. The county assessor shall schedule an informal hearing with
205	195		the taxpayer to hear the protest as to the disputed valuation or
206	196		addition of omitted property. The informal h earing may be held in
207	197		person or may be held telephonically, if requested by the taxpayer.
208	198		A taxpayer that is unable to participate in a scheduled informal
209	199		hearing, either in person or telephonically, shall be given at least
210	200		two additional opportunities to participate on one of two
211	201		alternative dates provided by the county assessor, each on a
212	202		different day of the week, before the county assessor or an
213	203		authorized representative of the county assessor. The assessor
214	204		shall issue a written decision in the matter disputed within seven
215	205		(7) calendar days of the date of the informal hearing and shall
216	206		provide by regular or electronic mail a copy of the decision to the
217	207		taxpayer. The decision shall clearly be marked with the date it was
218	208		mailed. Within fifteen (15) calendar days of the date the de cision
219	209		is mailed, the taxpayer may file an appeal with the county board of
	210	+	equalization. The appeal shall be made upon a form prescribed by
	211	+	the Oklahoma Tax Commission. One copy of the form shall be mailed
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221		-	SB681 HFLR Page 5
222		-	BOLD FACE denotes Committee Amendme nts. 1
	213	+	ENGR. S. B. NO. 681 Page 5 1
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247		-	equalization. The appeal shall be made upon a form prescribed by
248		-	the Oklahoma Tax Commission. One copy of the form shall be mailed
249	238		or delivered to the county assessor and one copy shall be mailed or
250	239		delivered to the county board of equalization. On receipt of the
251	240		notice of an appeal to the county board of equalization by the
252	241		taxpayer, the county assessor shall provide the county board of
253	242		equalization with all information submitted by the taxpayer, data
254	243		supporting the disputed valuation and a written explanation of the
255	244		results of the informal hearing.
256	245		SECTION 2. This act shall become effective November 1, 2025.
	246	+	Passed the Senate the 26th day of March, 2025.
257	247
258		-	COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS AND BUDGET , dated
259		-	04/17/2025 – DO PASS.
	248	+
	249	+
	250	+	Presiding Officer of the Senate
	251	+
	252	+
	253	+	Passed the House of Representatives the ____ day of __________,
	254	+	2025.
	255	+
	256	+
	257	+
	258	+	Presiding Officer of the House
	259	+	of Representatives
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