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Questions
& answers about HOMESTEAD
EXEMPTION
Homestead Exemption is
an exemption of $1,000 of the assessed valuation. This can be a savings of
$75 to$125 depending upon which area of the county you are located
.
TO
QUALIFY:
You must be
the homeowner who resides in the property on January 1. The deed must be
executed on or before January 1 and filed with the County Clerks Office on
or before February 1. You must be a resident of Oklahoma.
TO
APPLY:
You may apply for Homestead Exemption with
the Carter County Assessors Office between 8:00 a.m. and 4:45 p.m.
Monday through Friday. Applications
for homestead exemption are now available for
downloading.
RENEWAL:
If you have
been granted a homestead exemption and continue to occupy the homestead
property you shall not be required to re-apply for homestead exemption.
However, if you change your deed for some reason or move you will need to
re-file between January 1 and March 15.
If you are head of
household and qualify for homestead exemption, you may also qualify for
additional homestead. You may receive an additional $1,000 assessment
exemption if the gross household income from all sources did not exceed
$20,000 for the past calendar
year.
HOW TO
FILE :
You may file for additional homestead between January 1 and March
15. There is a simple form on income that you will fill out as part of
your application. Click here to download. If you are 65
or older as of March 15 of the filing period and presently qualify for
additional homestead, you will not have to renew the additional homestead
annually. However, it will be the responsibility of the taxpayer to notify
the Assessor’s office if your income exceeds $20,000.
INFORMATION ON THE STATE PROPERTY TAX CREDIT OR REFUND PROGRAM
The form 538-H must be filled out and mailed to the Oklahoma Tax Commission at 2501 Lincoln Blvd, Oklahoma City, Ok., 73194-0003. Anyone who is 65 or older or totally disabled, who is head of household, and a resident of the state of Oklahoma during the previous year and whose gross household income does not exceed $12,000 is qualified for this program. You may obtain the necessary form from the County Assessors office or contact the Oklahoma Tax Commission at 405/521-3108.