Okla. Stat. tit. 68, § 68-1902
This is the official text of Okla. Stat. tit. 68, § 68-1902, part of Oklahoma’s Stat. tit. 68, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 68,." Browse the sections below, each linked to its official government source.
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Exemption from other taxes
Official statutory text
All mortgages of real property situated within this state which
are taxed by this article, and the debts and obligations which they
secure, together with the paper writings evincing the same, shall be
exempt from ad valorem and all other taxation by the state,
counties, towns, cities, school districts and other local
subdivisions of the state, except this article shall not affect in
any manner the collection of any income tax payable in whole or in
part from the interest received from such mortgage indebtedness. The
exemption conferred by this exemption shall not be construed to
impair or in any manner affect the purchaser of real estate which
may be sold for nonpayment of taxes levied by any local authority.
are taxed by this article, and the debts and obligations which they
secure, together with the paper writings evincing the same, shall be
exempt from ad valorem and all other taxation by the state,
counties, towns, cities, school districts and other local
subdivisions of the state, except this article shall not affect in
any manner the collection of any income tax payable in whole or in
part from the interest received from such mortgage indebtedness. The
exemption conferred by this exemption shall not be construed to
impair or in any manner affect the purchaser of real estate which
may be sold for nonpayment of taxes levied by any local authority.
Status: in_force · Read it on the official government site
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