Get Ok Otc 974 2024-2025

Under the current law, only individuals 65 years or older and with a gross household income lower than the annual median income of the county where the property is located are eligible for the property tax freeze.

Most states have a homestead property tax exemption that allows you to protect a certain amount of your primary property's value from taxes. You can structure the exemption to either exclude a flat amount or a percentage of your taxable value. This limits the maximum amount you have to pay in real estate taxes.

Homestead Exemption is granted to the homeowner who resides in the property on a permanent basis on January 1. The deed or other evidence of ownership must be executed on or before January 1 and filed in the County Clerk's office on or before February 1.

To Qualify: You must be the homeowner who resides in the property on January 1. The deed must be executed on or before January 1 and filed with the County Clerks Office on or before February 1. You must be a resident of Oklahoma.

Informal protest forms are available in our office, on the website, or online through the Oklahoma Tax Commission. A County Assessor Informal Protest Form OTC 974 (PDF) must be completed and returned by mail, fax, email, or in-person to the Assessor's office no later than 30 days after Change of Value notices are sent.

Oklahoma Property Taxes On average, homeowners pay . 74% of a property's assessed fair market value. Currently, the median property tax bill in Oklahoma is approximately $796 (based on a median home value of $107,700). Tulsa County has the highest property tax at an average of $1,344.

Senior Valuation Freeze Head-of-household (as defined below) must be age 65 or older prior to January 1, of current year. Head-of-household must be an owner of and occupy the Homestead property on January 1, of current year. Gross household income (as defined below) cannot exceed the current H.U.D.