This bill amends Section 2915 of the Ad Valorem Tax Code in Oklahoma, focusing on the requirements for ad valorem tax billing statements. It mandates that the statements include a detailed narrative explanation of how the tax bill is calculated, along with specific standardized information prescribed by the Oklahoma Tax Commission. This information must cover the fair cash value of the property for the current and preceding year, the assessment percentages, any deductions from gross assessed value, the millage rates for each taxing jurisdiction, and the total tax liability owed. Additionally, the bill clarifies the explanation of how ad valorem taxes are apportioned among various jurisdictions.

The bill also emphasizes the county treasurer's responsibility to provide these statements and requires them to request necessary appropriations for postage and expenses related to sending out the statements. The effective date for this legislation is set for November 1, 2026. Overall, the bill aims to enhance transparency and understanding of ad valorem tax bills for taxpayers in Oklahoma.