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Oklahoma Program Eligibility

Property Tax-Aide features the Senior Homestead Property Valuation Freeze, Low-income Property Tax Credit or Refund, and Homestead Exemption programs in Oklahoma.

The information on this page is updated as new information becomes available by the relevant tax agencies.

Homestead Exemption

A Homestead Exemption is an exemption of $1,000 of the assessed valuation of the homestead property.

Application Deadline

  • Application may be filed at any time; provided, the county assessor shall, if such applicant otherwise qualifies, grant a homestead exemption for a tax year only if the application is filed on or before March 15 of such year or within 30 days from and after receipt of notice of valuation increase.
  • Any taxpayer who continues to occupy such property as a homestead shall not be required to reapply for the Homestead Exemption.

Senior Homestead Property Valuation Freeze

The Senior Valuation Limitation freezes the taxable fair cash value of the homestead property. The property value may not be increased above the level established by the application for limitation as long as the qualifications are maintained. The value may be reduced at a future date due to market conditions. Major improvements, such as adding a new room, will increase the frozen value.

Application Deadline

  • An application for valuation limitation must be completed by the qualified owner and filed with the county assessor between January 1 and March 15 beginning with the first year of eligibility.
  • Applications will be accepted through March 15th (or within 30-days if you receive an Increase in Valuation Notice).
  • If previously qualified for the limitation, no annual application is required as long as the property has not changed, been transferred or sold and income does not exceed the H.U.D. limit.

Additional Homestead Exemption

Any person who is the head of household with a Homestead Exemption may receive an additional $1,000 assessment exemption if the gross household income from all sources did not exceed $30,000 for the past calendar year.

Application Deadline

  • Application for the Additional Homestead Exemption is made between January 1st and March 15th.
  • Any person who is 65 or older as of March 15 and who has previously qualified for additional homestead shall not be required to renew their application annually. However, any person whose total household income exceeds $30,000 shall notify the County Assessor and the Additional Homestead Exemption shall not be allowed for the year.

Low-Income Property Tax Credit or Refund

A property tax claim is for the amount of property taxes that exceed 1% of the total household income. The claim is a credit on the applicant’s Oklahoma Income Tax (form 511) or a refund. The claim shall not exceed $200.

Application Deadline

  • All claims for property tax relief must be received by the Oklahoma Tax Commission on or before June 30 each year for property taxes paid the prior year.
  • An amended return cannot be filed to claim this credit after the due date; the claim must be filed on or before the due date.

Property Tax-Aide has independently selected the property tax relief programs featured on this website that we think are the most relevant and beneficial to older adults. It is not an exhaustive list of all property tax relief programs available in each state. Please consult your local tax agency for a comprehensive listing of property tax relief programs in your area.

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