HB3347

Oklahoma HB3347 amends homestead tax exemption to include homeowners aged sixty-five or older.

Oklahoma HB3347 modifies the state's tax code to provide an exemption from ad valorem taxation on homesteads for homeowners who are age sixty-five or older. This change allows these homeowners to exempt up to $1,000 of their assessed valuation from property taxes. The bill specifies that this exemption applies to all forms of ad valorem taxation and is effective as of the date of enactment.