SB1987 — Ad valorem tax; modifying homestead exemption; providing additional homestead exemption. Effective date.

SB1987 — Ad valorem tax; modifying homestead exemption; providing additional homestead exemption. Effective date. · Informed CitizenrySB1987 amends Oklahoma law regarding homestead exemptions from ad valorem taxation. The bill modifies the homestead exemption amount to be $1,000 of the assessed valuation for tax years 1988 throug…Open in Informed Citizenry