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Oklahoma Legislature· HB 3347Referred to Rules

An act relating to revenue and taxation, the official text

Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1                              STATE OF OKLAHOMA

2   2nd Session of the 60th Legislature (2026)

3 HOUSE BILL 3347               By: Williams

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6                               AS INTRODUCED

7   An Act relating to revenue and taxation; amending 68

    O.S. 2021, Section 2889, which relates to the

8   exemption on homesteads for purposes of ad valorem

    taxation; allowing for exemption from ad valorem

9   taxation on homeowner's homestead if homeowner is age

    sixty-five or older; and providing an effective date.

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13 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

14  SECTION 1.      AMENDATORY  68 O.S. 2021, Section 2889, is

15 amended to read as follows:

16  Section 2889. A. Homesteads, as defined in Section 2888 of

17 this title, are hereby classified for the purpose of taxation as

18 provided in Section 22 of Article X of the Oklahoma Constitution.

19 All Expect as otherwise provided by this section, all homesteads in

20 this state shall be assessed for taxation the same as other real

21 property therein, except that each homestead, as defined by Section

22 2801 et seq. of this title, shall be exempted from all forms of ad

23 valorem taxation to the extent of One Thousand Dollars ($1,000.00)

24 of the assessed valuation.

    Req. No. 15746                                         Page 1
1   B. Pursuant to the authority of Article XII-A of the Oklahoma

2 Constitution, all homeowners who are age sixty-five (65) and older

3 shall be exempted from all forms of ad valorem taxation on their

4 homestead.

5   SECTION 2. This act shall become effective January 1, 2027.

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7   60-2-15746      AO  01/05/26

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    Req. No. 15746                Page 2
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