Oklahoma Statutes Citationized
Title 31. Homestead and Exemptions
Section 2 - Homestead - Area and Value - Indian Allottees - Temporary Renting
Cite as: O.S. §, __ __
A. The homestead of any person in this state, not within any city or town, shall consist of not more than one hundred sixty (160) acres of land, which may be in one or more parcels, to be selected by the owner.
B. Effective November 1, 1997, the homestead of any person in this state, not within any city or town, annexed by a city or town on or after November 1, 1997, owned and occupied and used for both residential and commercial agricultural purposes shall consist of not more than one hundred sixty (160) acres of land, which may be in one or more parcels, to be selected by the owner.
C. The homestead within any city or town, owned and occupied as a residence only, or used for both residential and business purposes, shall consist of not exceeding one (1) acre of land, to be selected by the owner. For purposes of this subsection, at least seventy-five percent (75%) of the total square foot area of the improvements for which a homestead exemption is claimed must be used as the principal residence in order to qualify for the exemption. If more than twenty-five percent (25%) of the total square foot area of the improvements for which a homestead exemption is claimed is used for business purposes, the homestead exemption amount shall not exceed Five Thousand Dollars ($5,000.00).
D. Nothing in the laws of the United States, or any treaties with the Indian tribes in the state, shall deprive any Indian or other allottee of the benefit of the homestead and exemption laws of the state.
E. Any temporary renting of the homestead shall not change the character of the same, when no other homestead has been acquired.
Historical Data
R.L. 1910, § 3343; Amended by Laws 1980, HB 1783, c. 342, § 2, emerg. eff. June 25, 1980; Amended by Laws 1997, HB 1989, c. 104, § 2, eff. November 1, 1997 (superseded document available); Amended by Laws 1997, HB 1709, c. 345, § 2, eff. November 1, 1997 (superseded document available).
Citationizer© Summary of Documents Citing This Document| Cite | Name | Level | |
|---|---|---|---|
| Oklahoma Attorney General's Opinions | |||
| Cite | Name | Level | |
| 1981 OK AG 301, | Question Submitted by: The Honorable Jerry L. Smith, Oklahoma State Senate | Cited | |
| Oklahoma Court of Civil Appeals Cases | |||
| Cite | Name | Level | |
| 2018 OK CIV APP 33, 417 P.3d 393, | ONB BANK AND TRUST CO. v. KWOK | Discussed at Length | |
| Oklahoma Supreme Court Cases | |||
| Cite | Name | Level | |
| 1988 OK 59, 757 P.2d 820, 59 OBJ 1357, | Siegmann, In re | Discussed | |
| 1992 OK 66, 832 P.2d 1, 63 OBJ 1439, | Lindsey v. Kingfisher Bank & Trust Co. | Discussed at Length | |
| 1952 OK 37, 240 P.2d 1066, 206 Okla 54, | FIRST NAT. BANK OF SENTINEL v. ANDERSON | Cited | |
| 1967 OK 53, 431 P.2d 333, | PETTIGREW v. DENWALT | Cited | |
| 2002 OK 31, 46 P.3d 698, | JONES, GIVENS, GOTCHER & BOGAN, P.C. v. BERGER | Discussed | |
| 2003 OK 63, 73 P.3d 861, | IN RE: ARNOLD | Discussed at Length | |
| 1977 OK 21, 560 P.2d 197, | DALLAS CERAMIC CO. v. MORGAN | Discussed at Length | |
| 1999 OK 31, 980 P.2d 659, 70 OBJ 1218, | In re: Alexander | Cited | |
| Cite | Name | Level |
|---|
| None Found. |