Homestead Exemption is an exemption of $1,000 of the assessed valuation.
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.
You may apply for Homestead Exemption with the Oklahoma County Assessors Office between 8:00 a.m. and 4:45 p.m. Monday through Friday. Our office is located at 320 Robert S. Kerr, Room 315, Oklahoma City, Oklahoma, 73102. Go to http://goo.gl/gRFzx to download an application.
If you have been granted a homestead exemption and continue to occupy the homestead property you shall not be required to re-apply for homestead exemption. However, if you change your deed or move you will need to re-file.
If you are head of household and qualify for homestead exemption, you may also qualify for additional homestead. You may receive an additional $1,000 assessment exemption if the gross household income from all sources did not exceed $20,000 for the past calendar year.
HOW TO FILE :
You may file for additional homestead between January 1 and March 15 or within thirty (30) days from and after receipt by the taxpayer of notice of valuation increase, whichever is later. There is a simple form on income that you will fill out as part of your application. Go to http://goo.gl/gRFzx to download an application. If you are 65 or older as of March 15 of the filing period and presently qualify for additional homestead, you will not have to renew the additional homestead annually. However, it will be the responsibility of the taxpayer to notify the Assessor’s office if your income exceeds $20,000.
All information from The Oklahoma County Assessor’s website. Click this http://goo.gl/gRFzx for more info.