Rep. Ross Ford (R-Broken Arrow) filed House Bill 4103 on Feb. 6, 2026, proposing to raise Oklahoma’s homestead ad valorem tax exemption from $1,000 to $2,315. The measure would also set five-year inflation adjustments and, if enacted, would take effect on Jan. 1, 2027. Ford framed the bill as modest relief for homeowners that still protects core services, according to the Oklahoma House of Representatives. “This approach strikes a balance,” he said in the release.
What’s in the bill
HB 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, as outlined in the Oklahoma State Legislature. The legislation ties future increases to the percentage change in the Consumer Price Index for the most recent five-year period beginning Jan. 1, 2032, and specifies an effective date of Jan. 1, 2027.
What it means for homeowners
The change would boost the exemption by $1,315, which reduces a home’s assessed value by the same amount. Actual tax savings would still depend on county rates and local millage.
For context, the Oklahoma County Assessor estimates the current $1,000 homestead exemption translates to roughly $87 to $141 in annual savings, and state code currently sets the exemption at $1,000 under existing law.
Next steps and timeline
The measure was referred to the House Appropriations and Budget Finance Subcommittee, according to tracking by LegiScan, and bills have until Feb. 19 to pass out of subcommittee to remain eligible for further action, per the Oklahoma House release. If it advances, HB 4103 would next face a full Appropriations and Budget Committee vote before heading to the House floor…