Tulsa county provides a Homestead Act provision that allows a homeowner to freeze the Taxable Fair Cash Value of their home if you meet certain qualifications.

First you must qualify for homestead exemption – which is  easy you must own your home and be living in it as of December 31, of the previous year.

You must also be the head of the household.

You also have to reach the age of 65 years old  on or before December 31

Household “GROSS” income cannot be greater than the H.U.D. qualifying income for the prior year. The 2018 H.U.D. median income was $67,100 so the qualifying income for 2019 property tax year is $67,100. to prove this you will be required to provide all w-2 forms and 1099 forms for everyone living in the home for the last calendar year when you apply.

To apply you may do it in person at the Tulsa County Assessor’s office between 8:00 am – 5:00 pm Monday thru Friday, OR by mail OR  in January at field offices for a great convenience.

 

For more information or a copy of the current Senior Valuation Limitation requirements and application please feel free to call me and i will provide copies.

Leave a Reply