Standridge Champions Bills to Lower Property Taxes

OKLAHOMA CITY — Senator Lisa Standridge, R-Norman, has filed legislation to rein in Oklahoma’s ever-ballooning property taxes.

In an effort to make homeownership attainable for all Oklahoma families, including potential homebuyers and current homeowners looking to move, Senator Standridge is championing several pieces of legislation to cut property taxes.

“As Oklahoma homeowners experience significant increases in property taxes every year like never before, they are understandably concerned that Oklahoma will soon surpass all its neighbors in how much the government charges them to live in their own home,” Senator Standridge said. “Like an incurable ailment, property taxes never go away and, over the years, have put an ever-increasing tax yoke around the neck of anyone who might wish to own their own home. We must reverse this trend, or homeownership — a vital part of the American Dream — will no longer be attainable here in Oklahoma.”

Senator Standridge recently filed Senate Bill 2000, which would increase the annual homestead exemption for Oklahomans’ principal home of residence from $1,000 to $5,000. In addition, she has filed Senate Bill 1993, which allows county commissioners to lower the millage on library funds if the local fund is too rich, but leaves the decision on lowering property taxes in this way to local control. The senator also has carryover legislation from last year, eligible for a hearing, that would reduce Oklahomans’ property tax burden.

In keeping with her push for tax reform, Senator Standridge also filed Senate Bill 1986 to eliminate state income tax on tips and overtime wages, similar to reforms passed at the federal level through the One Big Beautiful Bill.

Senator Standridge addressed concerns that any reduction or elimination of property taxes could create budget shortfalls by saying the state needs to get its spending under control.

“Oklahoma citizens are overtaxed to a huge degree, which is why our state government coffers are overflowing by the billions,” she said. “Our state budget has ballooned out of control in recent years. From 2021 to 2025, the state budget increased 59%, putting Oklahoma’s spending spree of other people’s money almost in a category by itself. At this rate of growth, your state government here in Oklahoma will be spending more money per capita than any other state in just a few years.”

Standridge noted that Oklahoma’s state budget grew significantly more than the state budgets of California, New York, Illinois, and Florida during the same time period.

“Oklahomans are tired of being overtaxed,” Standridge said. “Given this trend in state taxation, I will fight to eliminate property taxes on Oklahomans’ homes and use this as an opportunity to rein in out-of-control spending at 23rd and Lincoln.”

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For more information, contact: Sen. Lisa Standridge at (405) 521-5535 or Lisa.Standridge@oksenate.gov