Oklahoma SB2000 increases the homestead exemption amount for ad valorem taxes to $1,000 for certain tax years.
Oklahoma SB2000 amends the Oklahoma Constitution to increase the homestead exemption amount for ad valorem taxes to $1,000 for tax years 1988 through the present. This change modifies the exemption amount for homesteads as defined in Section 2888 of Title 68 O.S. 2021. The bill specifies the new exemption amount and provides an effective date for the amendment.
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