Oklahoma Rep. Proposes Raising Homestead Tax Exemption

Bill would increase exemption from $1,000 to $2,315 with future CPI adjustments

Published on Feb. 6, 2026

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Rep. Ross Ford (R-Broken Arrow) has filed a bill in the Oklahoma House of Representatives to raise the state's homestead ad valorem tax exemption from $1,000 to $2,315, effective January 1, 2027. The measure would also set five-year inflation adjustments tied to the Consumer Price Index.

Why it matters

The proposed increase in the homestead exemption aims to provide modest tax relief for Oklahoma homeowners while still protecting core government services. The current $1,000 exemption is estimated to save homeowners between $87 to $141 annually, and the higher exemption could provide additional savings.

The details

House Bill 4103 would amend state statute to increase the standard homestead exemption to $2,315 and raise the additional income-restricted exemption for qualifying households to the same amount. The legislation ties future increases to the percentage change in the Consumer Price Index for the most recent five-year period beginning January 1, 2032, and specifies an effective date of January 1, 2027.

  • Rep. Ross Ford filed HB 4103 on February 6, 2026.
  • The proposed changes would take effect on January 1, 2027.
  • Future increases would be tied to the CPI, with adjustments every five years starting January 1, 2032.

The players

Rep. Ross Ford

A Republican state representative from Broken Arrow, Oklahoma who filed HB 4103 to raise the homestead exemption.

Oklahoma House of Representatives

The legislative body that will consider HB 4103, which was referred to the House Appropriations and Budget Finance Subcommittee.

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What they’re saying

“This approach strikes a balance.”

— Rep. Ross Ford (Oklahoma House of Representatives)

What’s next

HB 4103 must pass out of the House Appropriations and Budget Finance Subcommittee by February 19 to remain eligible for further action. If it advances, the bill would next face a full Appropriations and Budget Committee vote before heading to the House floor.

The takeaway

The proposed increase in Oklahoma's homestead exemption aims to provide modest tax relief for homeowners while still protecting core government services. If enacted, the higher $2,315 exemption could translate to additional annual savings for qualifying homeowners.