Panel passes bill to increase Oklahoma homestead exemption

Oklahoma Voice
Feb 16
1 min read

OKLAHOMA CITY – A Senate committee on Monday passed a bill to reduce property taxes.

Senate Bill 1809, by Senate President Pro Tem Lonnie Paxton, R-Tuttle, would increase the homestead exemption to $5,000 from $1,000 beginning in tax year 2027.

A homestead exemption reduces the amount of property taxes paid by people who live in their homes by shielding part of the home’s value from taxation.

The Senate Revenue and Taxation Committee passed the measure by a vote of 9-2.

The bill passed with the title off, a move designed to slow the measure down in the legislative process.

Panel passes bill to increase Oklahoma homestead exemption • Oklahoma Voice

Recent Posts

See All

McKone: Oklahoma lawmakers are trying to help local pharmacies, but patients are paying the price

In Oklahoma , there is a growing effort among some lawmakers to support independent pharmacies — small, local businesses that have struggled to compete in a changing health care marketplace. That i

New Polling Data is Clear: Voters Want AI Protection

New statewide polling released today by the Oklahoma Institute for Child Advocacy (OICA), in partnership with independent pollsters Amber Integrated, shows overwhelming support among likely Republican

Artificial Intelligence Brings New Risks for Our Children

There is no question that artificial intelligence (AI) is helping improve many areas of our lives. Researchers use it to analyze medical data, businesses rely on it to streamline logistics and operati

Panel passes bill to increase Oklahoma homestead exemption

Recent Posts

Comments

SIGN UP AND STAY UPDATED!