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SB681 • 2026

Ad valorem tax; requiring notice of valuation increase to include information on limitation of fair cash value. Effective date.

Ad valorem tax; requiring notice of valuation increase to include information on limitation of fair cash value. Effective date.

Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Jech
Last action
2025-05-12
Official status
Approved by Governor 05/08/2025
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Ad valorem tax; requiring notice of valuation increase to include information on limitation of fair cash value. Effective date.

Ad valorem tax; requiring notice of valuation increase to include information on limitation of fair cash value.

What This Bill Does

  • Ad valorem tax; requiring notice of valuation increase to include information on limitation of fair cash value.
  • Effective date.
  • Bill Summaries/Fiscal Impact for SB 681 (House): Engrossed (4/9/2025) Bill Summaries/Fiscal Impact for SB 681 (Senate): Introduced (1/15/2025) Fiscal Impact Statements For SB 681 (Senate): SB681 INT FI.PDF (Fiscal (Senate)) Fiscal Impact Statements For SB 681 (Senate): SB681 ENGR FI.PDF (Fiscal (Senate))

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-05-12 Senate

    Approved by Governor 05/08/2025

  2. 2025-05-05 Senate

    Enrolled, to House

  3. 2025-05-05 House

    Signed, returned to Senate

  4. 2025-05-05 Senate

    Sent to Governor

  5. 2025-05-01 House

    General Order

  6. 2025-05-01 House

    Coauthored by Representative(s) Stark

  7. 2025-05-01 House

    Third Reading, Measure passed: Ayes: 81 Nays: 0

  8. 2025-05-01 House

    Signed, returned to Senate

  9. 2025-05-01 Senate

    Referred for enrollment

  10. 2025-04-17 House

    CR; Do Pass Appropriations and Budget Committee

  11. 2025-04-10 House

    Recommendation to the full committee; Do Pass Appropriations and Budget Finance Subcommittee

  12. 2025-04-02 House

    Referred to Appropriations and Budget Finance Subcommittee

  13. 2025-04-01 House

    Second Reading referred to Appropriations and Budget

  14. 2025-03-27 Senate

    Engrossed to House

  15. 2025-03-27 House

    First Reading

  16. 2025-03-26 Senate

    General Order, Considered

  17. 2025-03-26 Senate

    Measure passed: Ayes: 45 Nays: 0

  18. 2025-03-26 Senate

    Referred for engrossment

  19. 2025-03-17 Senate

    Coauthored by Representative Johns (principal House author)

  20. 2025-02-12 Senate

    Placed on General Order

  21. 2025-02-10 Senate

    Reported Do Pass Revenue and Taxation committee; CR filed

  22. 2025-02-04 Senate

    Second Reading referred to Revenue and Taxation

  23. 2025-02-03 Senate

    First Reading

  24. 2025-02-03 Senate

    Authored by Senator Jech

Official Summary Text

Ad valorem tax; requiring notice of valuation increase to include information on limitation of fair cash value. Effective date.
Bill Summaries/Fiscal Impact for SB 681 (House): Engrossed (4/9/2025)
Bill Summaries/Fiscal Impact for SB 681 (Senate): Introduced (1/15/2025)
Fiscal Impact Statements For SB 681 (Senate): SB681 INT FI.PDF (Fiscal (Senate))
Fiscal Impact Statements For SB 681 (Senate): SB681 ENGR FI.PDF (Fiscal (Senate))

Current Bill Text

Read the full stored bill text
An Act
ENROLLED SENATE
BILL NO. 681 By: Jech of the Senate

and

Johns and Stark of the
House

An Act relating to ad valorem tax; amending 68 O.S.
2021, Section 2876, as last amended by Section 2,
Chapter 335, O.S.L. 2022 (68 O.S. Supp. 2024, Section
2876), which relates to notice of increase of
property valuation and protest; requiring certain
notice of valuation increase to include information
on the limitation on fair cash value of certain
homesteads; and providing an effective date.

SUBJECT: Ad valorem tax notice

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

SECTION 1. AMENDATORY 68 O.S. 2021, Section 2876, as
last amended by Section 2, Chapter 335, O.S.L. 2022 (68 O.S. Supp.
2024, Section 2876), is amended to read as follows:

Section 2876. A. If the county assessor increases the
valuation of any personal property above that returned by the
taxpayer, or in the case of real property increases the fair cash
value or the taxable fair cash value from the preceding year, or
pursuant to the requirements of law if the assessor has added
property not listed by the taxpayer, the county assessor shall
notify the taxpayer in writing of the amount of such valuation as
increased or valuation of property so added. Provided, if the
county assessor determines that a mailing to property owners exempt
from payment of ad valorem tax pursuant to Sections 8E and 8F of
Article X of the Oklahoma Constitution would create an undue burden,
then the county assessor may suspend notifications to those property
owners.

ENR. S. B. NO. 681 Page 2

B. For cases in which the taxable fair cash value or fair cash
value of real property has increased, the notice shall include the
fair cash value of the property for the current year, the taxable
fair cash value for the preceding and current year, the assessed
value for the preceding and current year and the assessment
percentage for the preceding and current year. For cases in which
the real property is a homestead, as defined in Section 2888 of this
title, the notice shall include information on the application for a
limit on the fair cash value of a homestead property as provided for
in Section 8C of Article X of the Oklahoma Constitution.

C. For cases in which the county assessor increases the
valuation of any personal property above that returned by the
taxpayer, the notice shall describe the property with sufficient
accuracy to notify the taxpayer as to the property included, the
fair cash value for the current year, the assessment percentage for
the current year, any penalty for the current year pursuant to
subsection C of Section 2836 of this title and the assessed value
for the current year.

D. The notice shall be mailed to the taxpayer at the taxpayer’s
last-known address and shall clearly be marked with the mailing
date. The assessor shall have the capability to duplicate the
notice, showing the date of mailing. Such record shall be prima
facie evidence as to the fact of notice having been given as
required by this section.

E. The taxpayer shall have thirty (30) calendar days from the
date the notice was mailed in which to file a written protest with
the county assessor specifying objections to the increase in fair
cash value or taxable fair cash value by the county assessor;
provided, in the case of a scrivener’s error or other admitted error
on the part of the county assessor, the assessor may make
corrections to a valuation at any time, notwithstanding the thirty-
day period specified in this subsection. The protest shall set out
the pertinent facts in relation to the matter contained in the
notice in ordinary and concise language and in such manner as to
enable a person of common understanding to know what is intended.
The protest shall be made upon a form prescribed by the Oklahoma Tax
Commission.

ENR. S. B. NO. 681 Page 3
F. A taxpayer may file a protest if the valuation of property
has not increased or decreased from the previous year if the protest
is filed on or before the first Monday in April. Such protest shall
be made upon a form prescribed by the Oklahoma Tax Commission.

G. At the time of filing a protest pursuant to subsections E
and F of this section, the taxpayer shall also file the form
provided for in Section 2835 of this title. If the taxpayer fails
to file the required form, a presumption shall exist in favor of the
correctness of the county assessor’s valuation in any appeal of the
county assessor’s valuation.

H. The county assessor shall schedule an informal hearing with
the taxpayer to hear the protest as to the disputed valuation or
addition of omitted property. The informal hearing may be held in
person or may be held telephonically, if requested by the taxpayer.
A taxpayer that is unable to participate in a scheduled informal
hearing, either in person or telephonically, shall be given at least
two additional opportunities to participate on one of two
alternative dates provided by the county assessor, each on a
different day of the week, before the county assessor or an
authorized representative of the county assessor. The assessor
shall issue a written decision in the matter disputed within seven
(7) calendar days of the date of the informal hearing and shall
provide by regular or electronic mail a copy of the decision to the
taxpayer. The decision shall clearly be marked with the date it was
mailed. Within fifteen (15) calendar days of the date the decision
is mailed, the taxpayer may file an appeal with the county board of
equalization. The appeal shall be made upon a form prescribed by
the Oklahoma Tax Commission. One copy of the form shall be mailed
or delivered to the county assessor and one copy shall be mailed or
delivered to the county board of equalization. On receipt of the
notice of an appeal to the county board of equalization by the
taxpayer, the county assessor shall provide the county board of
equalization with all information submitted by the taxpayer, data
supporting the disputed valuation and a written explanation of the
results of the informal hearing.

SECTION 2. This act shall become effective November 1, 2025.

ENR. S. B. NO. 681 Page 4
Passed the Senate the 26th day of March, 2025.

Presiding Officer of the Senate

Passed the House of Representatives the 1st day of May, 2025.

Presiding Officer of the House
of Representatives

OFFICE OF THE GOVERNOR
Received by the Office of the Governor this ____________________
day of ___________________, 20_______, at _______ o'clock _______ M.
By: _________________________________
Approved by the Governor of the State of Oklahoma this _________
day of ___________________, 20_______, at _______ o'clock _______ M.

_________________________________
Governor of the State of Oklahoma

OFFICE OF THE SECRETARY OF STATE
Received by the Office of the Secretary of State this __________
day of __________________, 20 _______, at _______ o'clock _______ M.
By: _________________________________