SB1449
was signed into law today. It provides that any person 62 years or older, who
is the head of a household, a resident, and domiciled in Oklahoma the entire
preceding year and resides in a manufactured home on land not owned by the
owner of the manufactured home will receive a $2,000.00 ad valorem tax
exemption if the person’s gross income does not exceed the greater of
$22,000.00 or 50% of the amount determined by the United States Department of
Housing and Urban development to be the estimated median income for the
preceding year for the county or metropolitan statistical area which includes
the county in which the claimant’s property is located.
In 2011 there were 313 manufactured homes qualifying for the
tax exemption. Census data indicated that an additional 54 persons will qualify
for the personal tax exemption.
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