03/25/2026
Notice of Increase in Valuation of Real Property
Notice of Change in Assessed Values for 2026 tax year, were mailed out Friday, March 20. Visual inspection was completed in the Ryan School District area this past year by the data collectors. This included checking for any changes to existing structures, measuring any new improvements, additions to houses or any structures, taking pictures, etc. The Terral School District area will begin soon starting the 4th year of visual inspection process.
Qualified properties that sold in 2025 will be valued at the sale price.
This year changes have been made to the valuation of each property, which may or may not increase. The receipt of this notice will extend the filing period for Homestead Exemption, Additional Homestead Exemption and Senior Valuation Limitation for 30 days. Making the deadline April 20, 2026. Proof of GROSS household income is required. Additional is $30,000.00 and Senior Limitation is $66,400.00.
In 1996, under State Question 676, the fair cash value of any taxable property would not increase by more than five percent in any taxable year. This was passed by voters as a result of an Oklahoma Constitutional Amendment. November 6, 2012, State Question 758 was passed to change the cap to 3% or 5% valuation increase limit, as described under Title 68, Section 2817.1 Oklahoma Statutes regarding valuation and assessment of property, fair cash value, and or use value.
For example: property at current taxable value of $70.000, but has a fair cash value of $95,000, will see increases of 5% each year, until the property reaches $95,000 or the current fair cash value. The county assessor can only increase the market value from $70,000 by a maximum of 3% per year ($2,100) on homesteaded or agriculture use properties; and 5% ($3,500) each year on all other property uses until the taxable value is the same as the fair cash value.
The Oklahoma State Board of Equalization plus the Secretary of Agriculture have developed the criteria for the compliance audit. Each County Assessor shall maintain and report annual progress to the Oklahoma Tax Commission. One such provision is the requirement of annual valuation of all taxable real and personal property within the county. This is described under Title 68, Section 2830 Oklahoma Statues regarding Monitoring Valuation – Noncompliance Guidelines and Procedure.
If you have any questions, please call 580-228-2377, come to the office or email to [email protected].