OK · Flat dollar exemption

Oklahoma homestead exemption

Yes.

Main exemption: $1,000 off assessed valueall ad valorem taxes
Filing deadline: March 15
Own and live there by: January 1
Renewal: Renews automatically
Where to file: County assessor

Get the official form (OTC Form 921)Find your county

Yes. Oklahoma exempts $1,000 of assessed value on every homestead, and owners whose household income is $30,000 or less get another $1,000 off. Homestead values can rise no more than 3% a year, and owners 65+ under the HUD median income can freeze their value. Apply with your county assessor by March 15.

Last verified November 4, 2026 · Sources

How much the Oklahoma exemption is worth

Each homestead is exempt from all forms of ad valorem taxation to the extent of $1,000 of assessed valuation.

$1,000 off assessed value · applies to all ad valorem taxes · source

Assessment cap: 3% a year

The fair cash value of a homestead can rise no more than 3% in a taxable year (5% for other real property). The cap does not apply in a year the property sells or is improved. Source.

Who qualifies

An Oklahoma resident who owns the home and lives in it as their residence on January 1.
The deed must be recorded with the county clerk by January 1, or by February 1 if signed on or before January 1.
Only one homestead exemption per person or married couple in the state.

Deadline and renewal

File with the county assessor on or before March 15, or within 30 days of receiving a notice of valuation increase. An application filed after March 15 starts the following tax year.

Once granted, the exemption continues each year while you own and live in the home, unless it is canceled for delinquent personal property taxes. New owners must file their own application.

If you missed the deadline

There is no late filing for the current year: an application filed after March 15 (or after the 30-day window following a valuation increase notice) takes effect the next tax year. Source.

Form: Application for Homestead Exemption (OTC Form 921) · open the official form

Extra breaks for seniors, veterans and disabled owners

Oklahoma additional homestead exemptions
Who	Program	Amount	Details
Seniors	Senior Valuation Limitation (value freeze)	Not in our data	For heads of household 65+ with gross household income at or below the HUD median income for their county, the home's fair cash value is frozen at the value in the first year they qualified. Improvements are added to the value; apply on OTC Form 994 by March 15. Source
Veterans	100% Disabled Veteran Exemption	100% of value	Veterans with a permanent disability rated at 100% service-connected by the VA are exempt on the full fair cash value of their homestead. File OTC Form 998 with the county assessor. Source
Surviving spouses	Surviving spouse of a 100% disabled veteran	100% of value	The full-value homestead exemption for 100% disabled veterans also applies to the veteran's surviving spouse. Source
Other	Additional Homestead Exemption (low income)	$1,000 off assessed value	An extra $1,000 of assessed value is exempt for heads of household with prior-year gross household income of $30,000 or less. Apply each year by March 15; owners 65+ who already qualified do not need to reapply unless income goes over the limit. Source

Law: 68 O.S. §2889

Oklahoma county guides

Local offices, online filing links and local amounts for 2 counties, largest first.

Frequently asked questions

How much is the Oklahoma homestead exemption?

$1,000 of assessed value for every qualifying homestead, plus another $1,000 if household income is $30,000 or less.

Do I have to reapply every year?

No for the regular exemption. The additional low-income exemption must be renewed each year by March 15, except for owners 65+ who already qualified.

Is there a senior property tax freeze?

Yes. Owners 65+ with household income at or below their county's HUD median can freeze their home's value using OTC Form 994.

When is the homestead exemption deadline in Oklahoma?