Oklahoma homestead tax exemption deadline is March 15

The deadline to apply for Oklahoma's homestead tax exemption is March 15. Homeowners living in their residence can lower their annual tax bill, with potential savings of $87 to $141. The exemption disregards the first $1,000 of a home's assessed value and limits annual increases to 3% for eligible properties. Seniors earning under $89,500 can apply for an assessment freeze, while households making less than $30,000 can claim an additional exemption. Applications can be submitted online, by mail, or in person at county offices, and there is no filing fee.