Oklahoma legislation · 2026 Regular Session
Oklahoma HB4103: Revenue and taxation; ad valorem; homestead exemption; additional homestead exemption; effective date.
Status: In committee, February 12, 2026
What the bill says
An Act relating to revenue and taxation; amending O.S. 2021, Section 2889, which relates to homestead exemption from ad valorem taxation; increasing dollar amount of the exemption; providing additional increase to adjust for inflation every five years; amending 68 O.S. 2021, Section 2890, as amended by Section 1, Chapter 5, 1st Extraordinary Session, O.S.L. 2023 (68 O.S. Supp. 2025, Section 2890), which relates to additional homestead exemption; increasing dollar amount of the exemption; providing additional increase to adjust for inflation every five years; and providing an effective date.
From the introduced text, January 15, 2026:
An Act relating to revenue and taxation; amending O.S. 2021, Section 2889, which relates to homestead exemption from ad valorem taxation; increasing dollar amount of the exemption; providing additional increase to adjust for inflation every five years; amending 68 O.S. 2021, Section 2890, as amended by Section 1, Chapter 5, 1st Extraordinary Session, O.S.L. 2023 (68 O.S. Supp. 2025, Section 2890), which relates to additional homestead exemption; increasing dollar amount of the exemption; providing additional increase to adjust for inflation every five years; and providing an effective date. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 68 O.S. 2021, Section 2889, is amended to read as follows: Section 2889. Homesteads, as defined in Section 2888 of this title, are hereby classified for the purpose of taxation as provided in Section 22 of Article X of the Oklahoma Constitution. All homesteads in this state shall be assessed for taxation the same as other real property therein, except that each homestead, as defined by Section 2801 et seq. of this title, shall be exempted from all Req. No. 14111 Page form s of ad valorem taxation to the extent of One Thousand Dollars ($1,000.00) Two Thousand Three Hundred Fifteen Dollars ($2,315.00) of the assessed valuation. On January 1, 2032, and on January 1 of each fifth …