Okla. Stat. tit. 68, § 68-2887

The following property shall be exempt from ad valorem taxation:

1. All property of the United States, and such property as may

be exempt by reason of treaty stipulations existing at statehood

between the Indians and the United States government, or by reason

of federal laws in effect at statehood, during the time such

treaties or federal laws are in force and effect. In instances

where a federal agency has obtained title to property through

foreclosure, voluntary or involuntary liquidation or bankruptcy,

which was previously subject to ad valorem taxation, the property

may continue to be assessed for ad valorem taxes if such federal

agency has agreed to pay such taxes;

2. All property of this state, and of the counties, school

districts, and municipalities of this state, including property

acquired for the use of such entities pursuant to the terms of a

Oklahoma Statutes - Title 68. Revenue and Taxation Page 1225

lease-purchase agreement which provides for the passage of title or

the release of security interest, if applicable, upon payment of all

rental payments and an additional nominal amount;

3. All property of any college or school, provided such

property is devoted exclusively and directly to the appropriate

objects of such college or school within this state and all property

used exclusively for nonprofit schools and colleges;

4. The books, papers, furniture and scientific or other

apparatus pertaining to any institution, college or society referred

to in paragraph 3 of this section, and devoted exclusively and

directly for the purpose above contemplated, and the like property

of students in any such institution or college, while such property

is used for the purpose of their education;

5. All fraternal orphan homes and other orphan homes;

6. All property used for free public libraries, free museums,

public cemeteries, or free public schools;

7. All property used exclusively and directly for fraternal or

religious purposes within this state. For purposes of this

paragraph, an exemption based on religious purposes includes real

property owned by a church which allows its premises to be used by

an entity if such entity is not required to make rental payments to

the church, is not required to execute a formal lease agreement with

respect to its occupancy of the church premises and conducts

instruction of children from any or all grades for ages preschool

through twelfth grade, including religious instruction consistent

with the doctrines of the church the premises of which are being

used for that purpose. For purposes of this paragraph, a

requirement by a church to be reimbursed by the entity for utility

expenses, janitorial services or similar expenses shall not be a

basis upon which to remove or deny the exempt status of church

property. Exempt status of church property shall not be removed nor

shall church property be allocated between taxable and exempt status

based on the use of church premises by an entity as described by

this paragraph.

For purposes of administering the exemption authorized by this

section and in order to determine whether a single family

residential property is used exclusively and directly for fraternal

or religious purposes, the fair cash value of a single family

residential property, for which an exemption is claimed as

authorized by this subsection, in excess of Five Hundred Thousand

Dollars ($500,000.00) for the applicable assessment year shall not

be exempt from taxation;

8. All property of any charitable institution organized or

chartered under the laws of this state as a nonprofit or charitable

institution, provided the net income from such property is used

exclusively within this state for charitable purposes and no part of

such income inures to the benefit of any private stockholder,

Oklahoma Statutes - Title 68. Revenue and Taxation Page 1226

including property which is not leased or rented to any person other
r

chartered under the laws of this state as a nonprofit or charitable

institution, provided the net income from such property is used

exclusively within this state for charitable purposes and no part of

such income inures to the benefit of any private stockholder,

Oklahoma Statutes - Title 68. Revenue and Taxation Page 1226

including property which is not leased or rented to any person other

than a governmental body, a charitable institution or a member of

the general public who is authorized to be a tenant in property

owned by a charitable institution under Section 501(c)(3) of the

Internal Revenue Code and which includes but is not limited to an

institution that either:

a. additionally satisfies the income standards set forth

in Internal Revenue Service Revenue Procedure 96-32,

which may be audited by the county assessor of the

applicable county, in addition to other requirements

of this subparagraph, as a condition of obtaining and

maintaining the exemption, if:

(1) the property provides residential rental

accommodations regardless of whether services or

meals are provided, and

(2) the property:

(a) is occupied as of the applicable January 1

assessment date if the structure is a

single-family dwelling, or

(b) has an average seventy-five percent (75%)

occupancy rate, based upon the total number

of units suitable for occupancy, during the

calendar year preceding the applicable

January 1 assessment date if the property

contains multiple structures suitable for

multi-family housing. The owner of any

property subject to the occupancy

requirements prescribed herein shall submit

a report to the county assessor of the

county in which the property is located no

later than December 15 each year regarding

the occupancy rate for the preceding eleven

(11) months. If the report indicates that

the average occupancy rate was less than

seventy-five percent (75%), the county

assessor shall determine the taxable value

of the property for the succeeding

assessment year and the property shall not

be exempt for any subsequent assessment year

unless the average occupancy rate is at

least seventy-five percent (75%) during the

succeeding eleven-month period. Except as

provided in Section 178.6 of Title 60 of the

Oklahoma Statutes, no asset consisting of a

single-family or multi-family dwelling unit

owned by an entity the property of which

would otherwise be exempt pursuant to

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subparagraph a of this paragraph shall be

exempt from ad valorem taxation if any such

dwelling unit was improved with or acquired

with any portion of proceeds from the sale

of obligations issued by any entity

organized pursuant to Section 176 of Title

60 of the Oklahoma Statutes if the interest

income derived from such obligations is

exempt from federal income tax, or

b. (1) for a facility constructed prior to January 1,

2006, is a continuum of care retirement community

providing housing for the aged, licensed under

Oklahoma law, owned by a nonprofit entity

recognized by the Internal Revenue Service as a

Section 501(c)(3) tax-exempt entity and located

in a county with a population of more than five

hundred thousand (500,000) according to the

latest Federal Decennial Census, and

(2) (a) for a facility in which construction was

completed on or after January 1, 2006, is:

i. a continuum of care retirement

community providing housing for the

aged, licensed under Oklahoma law,

ii. owned by a nonprofit entity recognized

by the Internal Revenue Service as a

Section 501(c)(3) tax-exempt entity,

and

iii. located in any county of the state

regardless of population, or
nd

(2) (a) for a facility in which construction was

completed on or after January 1, 2006, is:

i. a continuum of care retirement

community providing housing for the

aged, licensed under Oklahoma law,

ii. owned by a nonprofit entity recognized

by the Internal Revenue Service as a

Section 501(c)(3) tax-exempt entity,

and

iii. located in any county of the state

regardless of population, or

(b) for a facility other than a facility

described by division (1) of subparagraph b

of this paragraph and which is partially or

fully constructed prior to January 1, 2006,

is:

i. owned and occupied on or after January

1, 2006, by an entity that operates a

continuum of care retirement community

providing housing for the aged,

licensed under Oklahoma law,

ii. owned by a nonprofit entity recognized

by the Internal Revenue Service as a

Section 501(c)(3) tax-exempt entity,

and

iii. is located in any county of the state

regardless of population;

9. All property used exclusively and directly for charitable

purposes within this state, provided the charity using said property

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does not pay any rent or remuneration to the owner thereof unless

the owner is a charitable institution described in Section 501(c)(3)

of the Internal Revenue Code, 26 U.S.C., Section 501(c)(3), or a

veterans' organization described in Section 501(c)(19) of the

Internal Revenue Code, 26 U.S.C., Section 501(c)(19);

10. All property of any hospital established, organized and

operated by any person, partnership, association, organization,

trust, or corporation, as a nonprofit and charitable hospital,

provided the property and net income from such hospital are used

directly, solely, and exclusively within this state for charitable

purposes and that no part of such income shall inure to the benefit

of any individual, person, partner, shareholder, or stockholder, and

provided further that such hospital facilities shall be open to the

public without discrimination as to race, color or creed and

regardless of ability to pay, and that such hospital is licensed and

otherwise complies with the laws of this state relating to the

licensing and regulation of hospitals;

11. All libraries and office equipment of ministers of the

Gospel actively engaged in ministerial work in the State of

Oklahoma, where said libraries and office equipment are being used

by said ministers in their ministerial work, shall be deemed to be

used exclusively for religious purposes and are declared to be

within the meaning of the term "religious purposes" as used in

Article X, Section 6 of the Constitution of the State of Oklahoma;

12. Household goods, tools, implements and livestock of every

person maintaining a home, not exceeding One Hundred Dollars

($100.00) in value or One Thousand Dollars ($1,000.00) in value if

Article X, Section 6 of the Oklahoma Constitution provides for an

exemption in such amount; and in addition thereto, there shall be

exempt from taxation on personal property the further sum of Two

Hundred Dollars ($200.00) to all enlisted and commissioned

personnel, whether on active duty or honorably discharged, who

served in the Armed Forces of the United States during:

a. the Spanish-American War,

b. the period beginning on April 6, 1917, and ending on

July 2, 1921,

c. the period beginning on December 6, 1941, and ending

on such date as the state of national emergency as

declared by the President of the United States shall

cease to exist, or

d. any other or future period during which a state of

national emergency shall have been or shall be

declared to exist by the Congress or the President of

the United States.

All surviving spouses made so by the death of such enlisted or

commissioned personnel, who are bona fide residents of this state,

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es shall

cease to exist, or

d. any other or future period during which a state of

national emergency shall have been or shall be

declared to exist by the Congress or the President of

the United States.

All surviving spouses made so by the death of such enlisted or

commissioned personnel, who are bona fide residents of this state,

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shall be entitled to the above additional exemption provided in this

paragraph;

13. Family portraits;

14. All food and fuel provided in kind for the use of the

family not to exceed provisions for one (1) year's time, and all

grain and forage necessary to maintain for one (1) year the

livestock used to provide food for the family. No person from whom

pay is received or expected for board shall be considered a member

of the family within the intent and meaning of this paragraph;

15. All growing crops; and

16. All game animals, fowl and reptile, which are not being

grown for food or sale and which are kept exclusively for

propagation or exhibition, in private grounds or public parks in

this state.