{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2817.1","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2817.1","heading":"Implementation of Oklahoma Constitution Article X,","body":"Section 8B - Increasing taxable fair cash value of locally assessed\n\nreal property.\n\nA. For purposes of implementing Section 8B of Article X of the\n\nOklahoma Constitution, the taxable fair cash value of locally\n\nassessed real property shall not be automatically increased five\n\npercent (5%) each year, the five-percent limitation on the increase\n\nin the taxable fair cash value shall not be cumulative, and the\n\nfive-percent limitation shall not be considered as a twenty-percent\n\nincrease every four (4) years.\n\nB. For purposes of implementing Section 8B of Article X of the\n\nOklahoma Constitution, improvements made to locally assessed real\n\nproperty shall be assessed in accordance with law by the county\n\nassessor based on the fair cash value of the improvement. The\n\nassessed value of the improvement shall then be added to the\n\nexisting assessed value of the property, except as otherwise\n\nprovided in the Oklahoma Housing Reinvestment Program Act. The\n\nexisting property shall continue to be subject to the five-percent\n\nlimitation on the increase in valuation as set forth in Section 8B\n\nof Article X of the Oklahoma Constitution. Except when title to the\n\nproperty is transferred, changed, or conveyed to another person as\n\ndefined in Section 2802.1 of this title, and in accordance with\n\nLegislative intent as set forth in subsection A of this section,\n\nunder no circumstances shall the taxable fair cash value of the\n\nexisting property increase by more than five percent (5%) in any\n\ntaxable year.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"09111cd00f4b4a075efabecbd36ea46583fa324eb69822394effb8d41c75156d","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2817","next":"us-ok/okla.-stat.-tit.-68-68-2817.2"},"notice":"GroundRules: Original legal text. Not legal advice."}