State homeowners can claim higher homestead exemption

Gov. Kevin Stitt on Monday signed legislation by Rep. Lonnie Sims (R-Jenks) to update the statutory income qualifier to claim an additional homestead exemption for the first time since 1997. House Bill 1009 increases the statutory income qualifier to claim an additional homestead exemption from $20,000 to $25,000.  The additional homestead exemption reduces, by $1,000, […]