Oklahoma legislation · 2026 Regular Session
Oklahoma HJR1053: Oklahoma Constitution; ad valorem taxation; revenue neutral tax rates; procedures; ballot title; filing.
Status: In committee, March 5, 2026
What the bill says
A resolution or ordinance to approve exceeding the revenue neutral rate, shall be required prior to adoption of a proposed budget that will result in a tax rate in excess of the revenue neutral rate. Such vote of the governing body shall be conducted at the public hearing after the governing body has heard from interested taxpayers. G. Any governing body subject to the provisions of this section that does not comply with subsection D of this section shall refund to taxpayers any property taxes over-collected based on the amount of the levy that was in excess of the certified tax revenue neutra.
From the engrossed text, March 6, 2026:
a resolution or ordinance to approve exceeding the revenue neutral rate, shall be required prior to adoption of a proposed budget that will result in a tax rate in excess of the revenue neutral rate. Such vote of the governing body shall be conducted at the public hearing after the governing body has heard from interested taxpayers. G. Any governing body subject to the provisions of this section that does not comply with subsection D of this section shall refund to taxpayers any property taxes over-collected based on the amount of the levy that was in excess of the certified tax revenue neutral rate. The provisions of this subsection shall not be construed as prohibiting any other remedies available under the law. H. If the governing body of a taxing subdivision must conduct a public hearing to approve exceeding the revenue neutral rate under this section, the governing body of the taxing subdivision shall certify, on or before September 20, to the proper county clerk the amount of ad valorem tax to be levied. I. The provisions of this section shall not apply to any taxing subdivision or taxing district that receives Five Thousand Dollars ($5,000.00) or less in revenue from property taxes in the current year. HJR1053 HFLR Page BOLD FACE denotes Committee Amendments. SECTION 2. The Ballot Title …
Sponsors
- (R, HD-028)