Oklahoma Property Tax

Understanding Your Tax Bill in Oklahoma
Example

Taxable Market Value of Home

$100,000

Assessment Ratio of 11% 

$11,000

Less Homestead Exemption

($1000)

= Net Assessed Value

$10,000

Apply Rate of $100 per Thousand 

$1000

HOMESTEAD EXEMPTION

Homestead Exemption is an exemption of $1,000 of the assessed valuation.  This can be a savings of $75 to $125 depending on which area of the county you are located .

TO QUALIFY:

You must be the homeowner who resides in the property on January 1. The deed must be executed on or before January 1 and filed with the County Clerks Office on or before February 1. You must be a resident of Oklahoma.

TO APPLY:

You may apply for Homestead Exemption with your County Assessors Office between 8:00 a.m. and 4:45 p.m. Monday through Friday. 

In addition, early in January a list of field offices will be set up to provide greater convenience for filing Homestead Exemption.