Oklahoma SB1578 mandates tax jurisdictions to disclose exemptions and limitations on property values and requires county assessors and the Oklahoma.
Oklahoma SB1578 requires every taxing jurisdiction apportioned funds under the Ad Valorem Tax Code and Article X of the Oklahoma Constitution to annually disclose all exemptions, deductions, credits, and limitations on fair cash value or assessed value on real and personal property. The county assessors and the Ad Valorem Division of the Oklahoma Tax Commission must provide necessary assistance to ensure compliance with these disclosure requirements. The act will become effective on January 1, 2027.
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