Oklahoma Senior Property Tax Freeze, in Plain Words

Three ways Oklahoma lowers the tax on your home

Oklahoma has three ways to lower the property tax on the home you own and live in.

• 1 Homestead exemption $1,000 is taken off your home’s assessed value.
• 2 Additional homestead exemption Another $1,000 off, for households with lower income.
• 3 Senior valuation freeze For people 65 and older. It can stop your home’s taxable value from rising.

You apply for all three at your own county assessor’s office — the county where your home is.

1Homestead exemption

1. $1,000 is taken off your home’s assessed value. This happens before the tax is figured, so the tax is figured on a smaller amount.
2. It is for people who own and live in the home.
3. File with your county assessor by March 15 for it to count for that year.

2Additional homestead exemption

1. This takes another $1,000 off your home’s assessed value.
2. It is for households where the total gross income of everyone living in the home is $30,000 or less.
3. That $30,000 limit is the same in every Oklahoma county.
4. You apply between January 1 and March 15.
5. If you are under 65, you must apply again every year.
6. If you are 65 or older and have been approved, you do not have to apply again — unless your household income goes over $30,000.

3Senior valuation freeze

This one is for people 65 and older.

1. The head of the household is 65 or older on January 1.
2. That person owns the home and lives in it on January 1.
3. Then the home’s taxable fair cash value can be frozen. It stops rising for tax purposes, for as long as you keep qualifying.

A big improvement to the home, like adding a room, can raise the frozen value.

The freeze has an income limit

1. Your household’s gross income must be at or below the median family income figure for your county.
2. That figure is set by the U.S. Department of Housing and Urban Development, called HUD for short.
3. So the dollar limit is different in each county, and it can change each year.
4. On Oklahoma County’s 2026 form, that county’s limit was $99,000. That figure is Oklahoma County’s. Your county’s figure may be different.
5. Your own county assessor can tell you your county’s current figure.

Where to apply

1. Go to your county assessor’s office — the office in the county where your home is.
2. That is the office for all three programs on this page.
3. The office will tell you what papers to bring when you apply.