OK HB1293

Increases income eligibility limits for homestead tax exemptions from $20,000 to the greater of $22,000 or 50% of HUD median income for the county

Raises income threshold for elderly and disabled property tax relief from $12,000 to the greater of $22,000 or 50% of HUD median income for the county

Modifies the maximum property tax relief amount to the greater of 8/10 of 1% of HUD median income or $200

Applies changes to 68 O.S. Sections 2890, 2905, 2906, and 2907 relating to ad valorem tax exemptions and relief programs

Effective date: January 1, 2012