Oklahoma homestead exemption: who qualifies and how to file

The homestead exemption removes $1,000 from the assessed value of your primary residence. With rates in our dataset of roughly 72–141 mills, that is typically about $72 to $141 a year.

Who qualifies

Source: OTC Form 921 (2026–2027), which cites 68 O.S. §§ 2888, 2889, 2892.

Deadline

File by March 15 to receive the exemption for that year, or within 30 days of receiving a notice of valuation increase. Applications filed after March 15 take effect the following tax year. Once granted, you do not need to reapply while you continue to own and occupy the home. New owners must file. The exemption does not transfer with the house.

How to file in each county

Additional homestead exemption

Heads of household whose gross household income from all sources was $30,000 or less in the prior year can get another $1,000 off assessed value, using OTC Form 994. File by March 15 each year (no annual refiling if you are 65+ and already qualified). Note: the Oklahoma Tax Commission's 2026 Form 994 and rules state $30,000. The Oklahoma County Assessor's online glossary still says $25,000. Confirm with your assessor.

FAQ

When is the homestead exemption deadline in Oklahoma?

March 15 for the current tax year, or within 30 days of a notice of valuation increase. Later applications take effect the next year.

Do I have to reapply for homestead every year?

No. Once granted it continues while you own and occupy the home, but a new owner must file.

How much does the homestead exemption save?

$1,000 of assessed value times your mill levy. At 105 mills that is about $105 a year.

Data last verified against official sources: October 16, 2026.