Oklahoma HB1663 amends tax sale procedures for delinquent ad valorem taxes, including online auction options and definitions for nuisance property.
Oklahoma HB1663 modifies the procedures for selling real estate due to unpaid ad valorem taxes. It allows county treasurers to conduct online auctions for property sales, in addition to traditional in-person auctions. The bill defines "nuisance property" as unmarketable or unusable due to excessive liens. It also outlines the process for redeeming property before the execution of a deed of conveyance by the county treasurer. The act specifies that if no bid meets the required amount, the county treasurer must bid off the property in the name of the county, except for nuisance property.
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