Homestead Exemption

Oklahoma Homestead Exemption

Verified Jul 2026 · 68 O.S. Section 2890

Oklahoma offers the general homestead exemption for owner-occupied homes. Additional Homestead Exemption a $1,000 reduction and reduces your home's taxable value. It is available to households under a $30,000 income limit.

Additional Homestead Exemption

Who qualifies

Income limit: $30,000Gross household income from all sources for the preceding calendar year must not exceed $30,000 (the same limit applies in all counties). 'Gross household income' includes pensions, annuities, Social Security, unemployment, public assistance, alimony, workers' compensation, and capital gains, but excludes gifts and veterans' disability compensation.
Ownership: Must first qualify for the base Homestead Exemption.
Residency: Own and occupy the homestead as a qualified head of household meeting the income limit.

How much it saves

Worked example — a $300,000 home at Oklahoma's median effective rate (~0.63%):

~$6/year

Estimate — this is an estimate, not a quoted bill.

Your county's rate differs — use the calculator for a figure tuned to where you live.

How to apply

Application required: Yes
Deadline: File OTC Form 994 with the county assessor on or before March 15.
Renewal: annual — Must be renewed each year (Form 994) unless the head of household is 65 or older and income-qualified, in which case annual reapplication may not be required.
Official application form

Combining with other exemptions

Stacks on the base Homestead Exemption for a combined $2,000 of exempt assessed value.

Verified Jul 2026 · 68 O.S. Section 2890

Official sources:

Amount cross-checked against a second official artifact: oklahoma.gov/content/dam/ok/en/tax/documents/resources/publications/ad-valorem/2021TaxLawsAdValorem.pdf.

By Sharon Ben-MosheHow we verify & estimate

Informational only — not legal or tax advice. Exemption rules and amounts are summarized from official statutes and state tax-agency sources as of each program's verified date and can change by legislative session. Dollar figures are estimates derived from Census ACS county tax data, not actual bills. Confirm your eligibility and current amounts with your county assessor before relying on anything here.

Homestead Exemption

Who qualifies

Income: No income limit.
Ownership: Record ownership vested in the resident; deed executed on or before January 1 and filed with the county clerk on or before February 1.
Residency: Oklahoma resident who owns and occupies the property as their homestead/primary residence and is domiciled there on January 1.

How much it saves

Worked example — a $300,000 home at Oklahoma's median effective rate (~0.63%):

~$6/year

Estimate — this is an estimate, not a quoted bill.

Your county's rate differs — use the calculator for a figure tuned to where you live.

How to apply

Application required: Yes
Deadline: File OTC Form 921 with the county assessor on or before March 15 (or within 30 days after receipt of a valuation-increase notice).
Renewal: automatic — Remains in effect without reapplication as long as the owner continues to own and occupy the homestead.
Official application form

Combining with other exemptions

Base exemption; the Additional Homestead Exemption and the Senior Valuation Limitation build on it.

Verified Jul 2026 · 68 O.S. Section 2889

Official sources:

Amount cross-checked against a second official artifact: oklahoma.gov/content/dam/ok/en/tax/documents/resources/publications/ad-valorem/2021TaxLawsAdValorem.pdf.

By Sharon Ben-MosheHow we verify & estimate

Frequently asked questions

Who qualifies for the homestead exemption in Oklahoma?: Under 68 O.S. Section 2890, Additional Homestead Exemption is available to households under a $30,000 income limit. Must first qualify for the base Homestead Exemption. Own and occupy the homestead as a qualified head of household meeting the income limit.
How much does the homestead exemption save in Oklahoma?: It provides a $1,000 reduction. As an estimate, on a $300,000 home taxed at Oklahoma's median effective rate (0.63%), that is roughly $6 per year. This is an estimate from Census ACS data, not an actual bill.
Do I have to apply for the homestead exemption?: Yes — an application is required, and the deadline is: File OTC Form 994 with the county assessor on or before March 15.. The official form is linked in the sources below.
Does the homestead exemption renew automatically?: It must be renewed annually. Must be renewed each year (Form 994) unless the head of household is 65 or older and income-qualified, in which case annual reapplication may not be required.
Can the homestead exemption be combined with other exemptions?: Stacks on the base Homestead Exemption for a combined $2,000 of exempt assessed value.

Additional Homestead Exemption

Who qualifies

Income limit: $30,000Gross household income from all sources for the preceding calendar year must not exceed $30,000 (the same limit applies in all counties). 'Gross household income' includes pensions, annuities, Social Security, unemployment, public assistance, alimony, workers' compensation, and capital gains, but excludes gifts and veterans' disability compensation.
Ownership: Must first qualify for the base Homestead Exemption.
Residency: Own and occupy the homestead as a qualified head of household meeting the income limit.

How much it saves

Worked example — a $300,000 home at Oklahoma's median effective rate (~0.63%):

~$6/year

Estimate — this is an estimate, not a quoted bill.

Your county's rate differs — use the calculator for a figure tuned to where you live.

How to apply

Application required: Yes
Deadline: File OTC Form 994 with the county assessor on or before March 15.
Renewal: annual — Must be renewed each year (Form 994) unless the head of household is 65 or older and income-qualified, in which case annual reapplication may not be required.
Official application form

Combining with other exemptions

Stacks on the base Homestead Exemption for a combined $2,000 of exempt assessed value.

Verified Jul 2026 · 68 O.S. Section 2890

Official sources:

Amount cross-checked against a second official artifact: oklahoma.gov/content/dam/ok/en/tax/documents/resources/publications/ad-valorem/2021TaxLawsAdValorem.pdf.

By Sharon Ben-MosheHow we verify & estimate

Homestead Exemption

Who qualifies

Income: No income limit.
Ownership: Record ownership vested in the resident; deed executed on or before January 1 and filed with the county clerk on or before February 1.
Residency: Oklahoma resident who owns and occupies the property as their homestead/primary residence and is domiciled there on January 1.

How much it saves

Worked example — a $300,000 home at Oklahoma's median effective rate (~0.63%):

~$6/year

Estimate — this is an estimate, not a quoted bill.

Your county's rate differs — use the calculator for a figure tuned to where you live.

How to apply

Application required: Yes
Deadline: File OTC Form 921 with the county assessor on or before March 15 (or within 30 days after receipt of a valuation-increase notice).
Renewal: automatic — Remains in effect without reapplication as long as the owner continues to own and occupy the homestead.
Official application form

Combining with other exemptions

Base exemption; the Additional Homestead Exemption and the Senior Valuation Limitation build on it.

Verified Jul 2026 · 68 O.S. Section 2889

Official sources:

Amount cross-checked against a second official artifact: oklahoma.gov/content/dam/ok/en/tax/documents/resources/publications/ad-valorem/2021TaxLawsAdValorem.pdf.

By Sharon Ben-MosheHow we verify & estimate

Frequently asked questions

Who qualifies for the homestead exemption in Oklahoma?

Under 68 O.S. Section 2890, Additional Homestead Exemption is available to households under a $30,000 income limit. Must first qualify for the base Homestead Exemption. Own and occupy the homestead as a qualified head of household meeting the income limit.

How much does the homestead exemption save in Oklahoma?

It provides a $1,000 reduction. As an estimate, on a $300,000 home taxed at Oklahoma's median effective rate (0.63%), that is roughly $6 per year. This is an estimate from Census ACS data, not an actual bill.

Do I have to apply for the homestead exemption?

Yes — an application is required, and the deadline is: File OTC Form 994 with the county assessor on or before March 15.. The official form is linked in the sources below.

Does the homestead exemption renew automatically?

It must be renewed annually. Must be renewed each year (Form 994) unless the head of household is 65 or older and income-qualified, in which case annual reapplication may not be required.

Can the homestead exemption be combined with other exemptions?

Stacks on the base Homestead Exemption for a combined $2,000 of exempt assessed value.