Sen. David Bullard, R-Durant, filed legislation today to responsibly freeze or eliminate homeowners’ property taxes while shifting to a system whereby local governments and public schools are funded through adjusted sales and consumption taxes.
Bullard filed the Ad Valorem Reform Act of 2026, which would eliminate property taxes for Oklahomans age 65 or older who own their primary home outright. To stop skyrocketing increases in property taxes, Senate Joint Resolution 23 also proposes freezing property taxes for all other homeowners who qualify for a homestead exemption.
To ensure these changes don’t affect the stability of public schools and local governments, Bullard proposes these entities be funded through a fair tax model, where taxes are based on how much a consumer spends rather than on their productivity or success.
