SB1212

Oklahoma SB1212 amends the Ad Valorem Tax Code to update the equalization ratio study and compliance requirements for counties.

Oklahoma SB1212 amends the Ad Valorem Tax Code to update the equalization ratio study conducted by the Oklahoma Tax Commission. The study must ensure accurate assessment ratios for county properties, representative appraisals, and adequate sales files. Counties must maintain uniformity in assessments and meet specific dispersion value limits. The bill also updates statutory language and sets an effective date of November 1, 2026.