OK HB4103

Increases the standard homestead exemption from ad valorem taxation from $1,000 to $2,315 of assessed valuation for all Oklahoma homesteads

Increases the additional homestead exemption for low-income heads of households from $1,000 to $2,315 of assessed valuation, available to those with gross household income not exceeding $30,000

Establishes automatic inflation adjustments every five years beginning January 1, 2032, with exemption amounts increasing based on Consumer Price Index changes

Effective date is January 1, 2027