Oklahoma legislation · 2026 Regular Session
Oklahoma SB2018: Ad valorem tax; prescribing valuation method for certain real property for certain period. Effective date.
Status: Signed into law, May 12, 2026
What the bill says
An Act relating to ad valorem tax; amending 68 O.S. 2021, Sections 2802 and 2817, as amended by Section 1, Chapter 374, O.S.L. 2022 (68 O.S. Supp. 2025, Section 2817), which relate to definitions and the listing and assessment of taxable property; defining term; prescribing valuation method for certain real property for certain period; updating statutory language; and providing an effective date. SUBJECT: Ad valorem tax.
From the enrolled text, May 6, 2026:
An Act relating to ad valorem tax; amending 68 O.S. 2021, Sections 2802 and 2817, as amended by Section 1, Chapter 374, O.S.L. 2022 (68 O.S. Supp. 2025, Section 2817), which relate to definitions and the listing and assessment of taxable property; defining term; prescribing valuation method for certain real property for certain period; updating statutory language; and providing an effective date. SUBJECT: Ad valorem tax SECTION 1. AMENDATORY 68 O.S. 2021, Section 2802, is amended to read as follows: Section 2802. As used in Section 2801 et seq. of this title: 1. "Accepted standards for mass appraisal practice" means those standards for the collection and analysis of information about taxable properties within a taxing jurisdiction permitting the accurate estimate of fair cash value for similar properties in the jurisdiction either without direct observation of such similar properties or without direct sales price information for such similar properties using a reliable statistical or other method to estimate the values of such properties; 2. "Additional homestead exemption" means the exemption provided by Section 2890 of this title; 3. "Assessor" means the county assessor and, unless the context clearly requires otherwise, deputy assessors and persons employed by the county assessor in performance of duties imposed by law; 4. "Assess and value" means to establish the fair cash value and taxable fair cash …
Sponsors
- Suzanne Schreiber (D, HD-070)
- Kristen Thompson (R, SD-022) · primary sponsor
Latest actions
- : Approved by Governor 05/11/2026
- : Sent to Governor
- : Signed, returned to Senate
- : Enrolled, to House
- : Referred for enrollment
- : Signed, returned to Senate
- : Third Reading, Measure passed: Ayes: 82 Nays: 5
- : General Order
- : Coauthored by Representative(s) Schreiber
- : CR; Do Pass Appropriations and Budget Committee
Votes
- Third Reading (May 5, 2026): 82 yea, 5 nay, passed
- Floor Vote (April 21, 2026): 24 yea, 0 nay, passed
- Floor Vote (April 8, 2026): 9 yea, 0 nay, passed
- Third Reading (March 26, 2026): 31 yea, 11 nay, passed
- Senate Economic Development, Workforce & Tourism Committee (February 24, 2026): 7 yea, 1 nay, passed
Subjects: Taxation
Common questions
- What is SB2018?
- SB2018 is a bill in the Oklahoma Legislature (2026 Regular Session): Ad valorem tax; prescribing valuation method for certain real property for certain period. Effective date.
- What does SB2018 do?
- In its own words: An Act relating to ad valorem tax; amending 68 O.S. 2021, Sections 2802 and 2817, as amended by Section 1, Chapter 374, O.S.L. 2022 (68 O.S. Supp. 2025, Section 2817), which relate to definitions and the listing and assessment of taxable property; defining term; prescribing valuation method for certain real property for certain period; updating statutory language; and providing an effective date. SUBJECT: Ad valorem tax.
- What is the status of SB2018?
- Signed into law as of May 12, 2026. Latest action: Approved by Governor 05/11/2026 (May 12, 2026).
- Who sponsored SB2018?
- Kristen Thompson (R, SD-022), with 1 co-sponsor.
- Where is the official record for SB2018?
- On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=SB2018&Session=2600
Source: official Oklahoma record. Tracked by Delilah, AI for legislation across all 50 states and Congress.