Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 10 - AD Valorem
Subchapter 5 - Homestead Exemption
Section 710:10-5-1 - Status as of January first governs; exception
Current through Vol. 42, No. 1, September 16, 2024
(a) In order to obtain a homestead exemption, the applicant must be the record actual owner of the property on January 1st and must actually be residing there. If the evidence of title is not executed on or before January 1st and filed of record in the office of the County Clerk on or before February 1st, no exemption can be allowed, even though the person may have owned the property and may have been residing there for a number of years. [See: Op. Att'y Gen. issued 02-20-50; 68 O.S. § 2888 ]
(b) A natural person actually owning, residing and domiciled in the residence on January 1st shall be deemed to be the record owner of the property on January 1st, if the deed or other evidence of ownership, executed on or before January 1st, is of record in the office of the County Clerk on February 1. [See: 68 O.S. § 2888]
Amended at 15 Ok Reg 3451, eff 7-11-98