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 1885 By: Jett
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6 AS INTRODUCED
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7 An Act relating to ad valorem tax; amending 68 O.S.
7 2021, Section 2889, which relates to homestead
8 exemption; modifying exemption amount of homesteads
8 for certain tax years; superseding exemptions
9 otherwise provided by law; and providing an effective
9 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 2889, is
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14 amended to read as follows:
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15 Section 2889. Homesteads, as defined in Section 2888 of this
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16 title, are hereby classified for the purpose of taxation as provided
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17 in Section 22 of Article X of the Oklahoma Constitution. All
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18 homesteads in this state shall be assessed for taxation the same as
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19 other real property therein, except that each homestead, as defined
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20 by Section 2801 et seq. of this title, shall be exempted from all
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21 forms of ad valorem taxation to the extent of One Thousand Dollars
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22 ($1,000.00) of the assessed valuation.
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Req. No. 3241 Page 1
1 A. Beginning with tax year 2027 and thereafter, every homestead
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2 qualified under the laws of this state shall be entitled to an
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3 exemption from ad valorem taxation as follows:
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4 1. For tax year 2027: an amount equal to thirty-three and one-
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5 third percent (33 1/3%) of the full assessed value of the homestead;
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6 2. For tax year 2028: an amount equal to sixty-six and two-
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7 thirds percent (66 2/3%) of the full assessed value of the
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8 homestead; and
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9 3. For tax year 2029 and all subsequent tax years: an amount
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10 equal to one hundred percent (100%) of the full assessed value of
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11 the homestead.
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12 B. The exemption shall be the greater of any current exemption
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13 for homesteads or that provided in subsection A and shall apply
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14 uniformly to every qualifying homestead within the state and shall
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15 supersede any lesser exemption provided by prior law.
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16 SECTION 2. This act shall become effective January 1, 2027, and
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17 shall first apply to ad valorem taxes payable in calendar year 2027.
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19 60-2-3241 QD 1/15/2026 8:28:13 AM
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Req. No. 3241 Page 2Every fact on this page links to its source, starting with the official bill record.