The bill amends various sections of the Oklahoma Statutes related to the inspection of real property, specifically focusing on the visual inspection process. It modifies the definition of "visual inspection program" to remove the requirement for a "physical" examination of properties, instead emphasizing the need for data collection to establish fair cash values. Additionally, the bill updates statutory language and references, ensuring that the requirements for property inspections align with accepted standards for mass appraisal practice.

Furthermore, the bill outlines the responsibilities of county assessors in conducting visual inspections and collecting relevant data to accurately value properties. It specifies that the costs associated with these inspections will be funded through revenues from mill rates levied on property within the county, with provisions for budgeting and billing for these expenses. The effective date for the implementation of this act is set for November 1, 2025.