SB1809

Oklahoma SB1809 increases the homestead exemption for ad valorem taxes to $1,000 for certain tax years.

Oklahoma SB1809 amends the state's tax code to increase the exemption for ad valorem taxes on homesteads to $1,000 for tax years 1988 through the present. This change modifies the classification of homesteads for taxation purposes, ensuring that each homestead is exempt from all forms of ad valorem taxation up to the specified amount. The bill aligns with the Oklahoma Constitution's provisions for homestead exemptions.