Oklahoma SB818 modifies the ad valorem tax by increasing the additional homestead exemption and adjusting income and age requirements.
Oklahoma SB818 amends the ad valorem tax law to increase the additional homestead exemption from $1,000 to $3,000. It also modifies the income requirement for eligibility, now excluding certain federal stimulus or relief payments. The bill updates the statutory language and sets an effective date of November 1, 2025. The exemption applies to heads of households who maintain a home and provide support, with applications due by March 15 or within 30 days of receiving notice of valuation increase.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.