House Bill No. 1663 amends several sections of the Oklahoma Statutes related to the sale of property for unpaid ad valorem taxes. Key modifications include changing the redemption period for property from the execution of a deed of conveyance to the start of the resale auction, and allowing for online auctions to be conducted by county treasurers. The bill also prescribes new procedures for notifying property owners and mortgagees about the resale process, including the requirement to provide information about online auctions. Additionally, it clarifies that errors in advertising or conducting the sale will not invalidate the sale, ensuring that the tax sale process remains effective despite potential mistakes.
The bill further outlines the responsibilities of county treasurers in managing the sale of real estate, including the option to hold online auctions and the conditions under which properties may be classified as "nuisance properties." It establishes guidelines for minimum bids and the treatment of properties with municipal liens. The legislation also includes provisions to protect counties from civil liability regarding environmental issues on properties acquired through tax sales. The act is set to take effect on November 1, 2025.
Statutes affected: Introduced: 68-3129
Floor (House): 68-3129
Floor (Senate): 68-3129
Engrossed: 68-3129
Enrolled (final version): 68-3129