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STATE OF OKLAHOMA
2nd Session of the 60th Legislature (2026)
SENATE BILL 1577 By: Bergstrom
AS INTRODUCED
An Act relating to ad valorem tax; requiring county
assessors to provide notification to certain
taxpayers; prescribing notification requirements;
authorizing assessor to include notification in
certain other statements and notifications required
to be mailed or submitted to taxpayer; requiring
certain entities to submit certain information to
county assessor; defining term; requiring the
Oklahoma Tax Commission to maintain a webpage;
prescribing information and functionality to be
provided on webpage; requiring certain entities to
submit certain information to the Tax Commission;
providing for codification; and providing an
effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 2876.2 of Title 68, unless there
is created a duplication in numbering, reads as follows:
A. Each year the county assessor shall provide a statement to
each taxpayer owning real property with the following information:
1. The current millage rate and any proposed millage rate
changes and estimated property taxes;
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2. The revenue neutral millage rate for each millage levied on
the property;
3. The purpose and projected spending of any proposed revenue
increases for each taxing jurisdiction;
4. The date, time, and location of any public hearing or
comments for proposed millage rate changes listed pursuant to
paragraph 1 of this subsection; and
5. How each member of any applicable governing body voted for
proposed millage rate changes listed pursuant to paragraph 1 of this
subsection.
B. The notifications required pursuant to this section may be
included on the notifications and statements required to be mailed
pursuant to Sections 2876 and 2915 of Title 68 of the Oklahoma
Statutes.
C. Each taxing jurisdiction shall provide any information to
the county assessor, as needed to fulfill the requirements of this
section.
D. As used in this section, “revenue neutral millage rate”
means the tax rate for the current tax year that would generate the
same property tax revenue as levied the previous tax year using the
total assessed valuation for the current tax year. To calculate the
revenue neutral millage rate, the county assessor shall divide the
property tax revenue for a taxing jurisdiction levied for the
previous tax year by the total of all taxable assessed valuation in
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such taxing jurisdiction for the current tax year, and then multiply
the quotient by one thousand (1,000) to express the rate in mills.
The revenue neutral millage rate shall be expressed to the third
decimal place.
SECTION 2. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 2952 of Title 68, unless there
is created a duplication in numbering, reads as follows:
A. The Oklahoma Tax Commission shall maintain a page on the
website of the Tax Commission that provides the following
information and functionality:
1. Historical and current property tax millage rates for each
taxing jurisdiction in this state;
2. The assessed value and fair cash value for all real property
in this state and the total assessed value and total fair cash value
of personal property for each taxing jurisdiction in this state;
3. Any current proposed changes to millage rates for any taxing
jurisdiction in this state;
4. An interface to allow for the submission of public comment
for any proposed changes provided pursuant to paragraph 3 of this
subsection; and
5. Links to any protest forms against property tax assessments
and valuations.
B. The counties, municipalities, and other governing bodies of
taxing jurisdictions in this state shall provide any information
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required by the Oklahoma Tax Commission to effectuate the provisions
of this section.
SECTION 3. This act shall become effective November 1, 2026.
60-2-2563 QD 1/12/2026 10:36:25 PM