HB4103

Oklahoma HB4103 increases the homestead exemption amount and provides for annual inflation adjustments.

Oklahoma HB4103 amends the homestead exemption from ad valorem taxation by increasing the dollar amount of the exemption and providing for an additional increase every five years to adjust for inflation. The bill also increases the amount of the additional homestead exemption and requires heads of households to notify the county assessor if their gross household income exceeds specified limits. The changes will take effect on January 1, 2027.