Avoid Rising Oklahoma Property Taxes With Homestead Exemption

By Erin Catron

I am a multifaceted entrepreneur and real estate leader dedicated to making a meaningful impact.

Are you qualified for a homestead exemption in Oklahoma? If this is your first time hearing this, a homestead exemption is a tax break that protects you from sudden spikes in property taxes, and if you own a home in Oklahoma as your primary residence, then you most likely qualify for it.

Many homeowners overlook this benefit, but applying is simple and can lead to significant savings as it limits how much your home’s taxable value can increase. That’s why I’ll explain what you need to know about qualifying, applying, and making sure you don’t miss out on this valuable tax break.

Who can apply. The requirements are straightforward: if you own a home in Oklahoma and live there as your main residence, you likely qualify. However, the exemption only applies to your primary residence, not rental properties or second homes. If this is the home you live in, you may qualify.

How to apply. The process is quick and easy. Just head to your county tax assessor’s website and fill out the necessary forms. For example, if you’re in Tulsa County, you’ll go to the Tulsa County Tax Assessor’s page to complete your registration.

When to apply. To take advantage of the exemption for the upcoming tax year, you need to apply between January 1st and March 15th. Missing this window means waiting until the next year to see any benefits, so it’s worth setting a reminder.

Even if you’ve lived in your home for a while without applying for the exemption, you can still register. Many homeowners don’t realize they need to sign up for this—it’s not automatic. If no one has ever mentioned it to you before, now’s the time to check and make sure you’re not missing out.

Your county tax assessor’s office will have all the details you need, and if you work with an accountant, they can also guide you through the process. I’m also happy to answer any questions you may have and give you helpful real estate tips. You can reach me at (918) 984-0994. I look forward to hearing from you!