# Oklahoma Senate Examines Housing Tax Valuation

Senator Avery Frix of the Oklahoma Senate conducted an interim study focused on property tax valuation methods for properties developed under the Low-Income Housing Tax Credit (LIHTC) program. The study explores the impact of current tax policies on housing costs and considers legislative proposals such as House Bill 4305, which aims to implement an alternative income-based valuation method and exclude housing tax credits from property tax assessments. This initiative seeks to encourage private investment in affordable rental housing and reduce tax burdens that may hinder development.

- Procurement professionals and affordable housing developers should note potential changes in property tax valuation that could affect project feasibility and investment returns in Oklahoma.
- The proposed income-based valuation method may lower tax liabilities for LIHTC properties, influencing budgeting and financial planning for housing projects.
- Public agencies and local governments may need to adjust assessment practices and collaborate with developers to align with new valuation standards.
- Organizations involved in affordable housing development should monitor legislative progress on House Bill 4305 to anticipate shifts in tax policy impacting procurement and development strategies.

**Jurisdictions:** sled
**Industries:** Construction & Infrastructure
**Topics:** Regulatory Compliance
**Published:** September 29, 2026

### Government Entities
- Oklahoma Senate
- Muskogee County

### Vendors
- Dominium (Developer)

### Key Quotes
> If a property has government-imposed restrictions on how it can operate and what it can charge, those restrictions need to be taken into account when determining its value for taxation.
> — Avery Frix, Senator

### Sources
- [Senator Frix Examines Property Taxes and Housing Costs in Oklahoma | Oklahoma Senate](https://www.oksenate.gov/press-releases/senator-frix-examines-property-taxes-and-housing-costs-oklahoma?back=/node%3Fa%3DBrowse%26%253Bpage%3D633%26%253Bpath%3D/press-releases/sen-mcaffrey-comments-senator-tom-coburns-retirement) - OK