Oklahoma HB3801 increases the homestead exemption from ad valorem taxation from $1,000 to $2,000.
Oklahoma HB3801 amends the state's homestead exemption from ad valorem taxation, raising it from $1,000 to $2,000. This change applies to all homesteads in Oklahoma, providing a greater tax exemption for these properties. The bill references the Oklahoma Constitution and existing state statutes to implement this change. The new exemption amount will apply to future tax assessments.
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