Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
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2 2nd Session of the 60th Legislature (2026)
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3 SENATE BILL 1212 By: Sacchieri
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6 AS INTRODUCED
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7 An Act relating to the Ad Valorem Tax Code; amending
7 68 O.S. 2021, Section 2866, which relates to the
8 equalization ratio study; prescribing compliance
8 requirements for counties; updating statutory
9 language; and providing an effective date.
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12 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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13 SECTION 1. AMENDATORY 68 O.S. 2021, Section 2866, is
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14 amended to read as follows:
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15 Section 2866. A. For purposes of reporting to the State Board
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16 of Equalization the ratio derived from comparing the assessed value
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17 of the real property of each county to the full or fair cash value
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18 of such real property, the Oklahoma Tax Commission shall conduct and
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19 publish an equalization ratio study for each county annually in
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20 accordance with the requirements of this section.
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21 B. The equalization ratio study shall be conducted in a manner
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22 that ensures:
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23 1. the The ratio of assessed value to the fair cash value of
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24 properties in a sample extracted from a county is expressed as a
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1 median of the ratios determined for all properties included in the
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2 sample;
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3 2. sample Sample data gathered for purposes of establishing the
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4 fair cash value of properties within the sample relates to the
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5 applicable assessment date of the study in a manner that produces
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6 reliable ratio study results;
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7 3. sample Sample sizes of sufficient numbers to produce an
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8 estimated ratio for a use category within a county or a ratio for an
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9 entire county at a ratio that accurately estimates the true, but
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10 unknown, assessment level;
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11 4. appraisals Appraisals selected for inclusion in the ratio
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12 study are representative of the use category or stratum of
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13 properties included in the sample;
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14 5. sales Sales files containing adequate information are
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15 developed and maintained for purposes of appraisals; and
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16 6. uniformity Uniformity of assessments within a use category
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17 or stratum for a county do not exceed a coefficient of dispersion
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18 value of twenty percent (20%).
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19 C. Upon completion of the study required by this section,
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20 counties found to have median assessed ratios within a deviation
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21 range of seventy-five hundredths of one percent (0.75%) of the
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22 assessment percentage of the county, as authorized pursuant to
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23 Section 8 of Article X of the Oklahoma Constitution, for each
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24 property classification, and to have median assessed ratios within a
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1 deviation range of one and fifty hundredths percent (1.50%) between
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2 each property classification, shall be certified to the State Board
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3 of Equalization as being in compliance with the equalization ratio
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4 study requirements.
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5 D. The Oklahoma Tax Commission shall provide for a computer
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6 system that permits the equalization ratio study to be conducted
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7 pursuant to the requirements of this section. Such computer system
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8 shall be designed to permit monitoring and analysis of assessment
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9 performance in the several counties and to detect noncompliance with
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10 legal standards for valuation of taxable property in order to
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11 fulfill the duties imposed by Section 2830 of this title. The
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12 provisions of this subsection shall not be construed to authorize
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13 the Oklahoma Tax Commission to install a mainframe computer capable
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14 of remote monitoring of or making inputs into computers in the
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15 offices of the various county assessors.
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16 SECTION 2. This act shall become effective November 1, 2026.
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18 60-2-2256 QD 12/2/2025 11:14:42 PM
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Req. No. 2256 Page 3Every fact on this page links to its source, starting with the official bill record.