Assessor 
Ken Yazel

Senior Valuation Limitation

The Senior Valuation Limitation locks in or freezes the taxable value.

To Qualify

To qualify for the Senior Valuation Limitation:

To Apply

Note: The property value will be frozen at the taxable value after all increases and adjustments have been made for the year the application is made and not at the previous year's taxable value.

Gross Household Income

"Gross Household income" is defined in 68 O.S. Section 2890 as "the gross amount of income of every type, regardless of the source, received by ALL PERSONS occupying the same household, whether such income was taxable or nontaxable for Federal or State income tax purposes, including pensions, annuities, federal social security, unemployment payments, public assistance payments, alimony, support money, worker's compensation, loss of time insurance payments, capital gains, and any other type of income received excluding gifts." The term “gross household income” shall not include any veterans’ disability compensation payments. The applicant will be required to provide sufficient proof to substantiate the validity of the income statement.

Head-of-Household

"Head-of-Household" is defined in 68 O.S. Section 2890 as "a person who as owner or joint owner maintains a home and furnishes support for said home furnishings, and other material necessities."

The Senior Valuation Limitation locks in the valuation, but does not freeze taxes. The tax amount could increase each year under these three specific situations:

The Senior Valuation Limitation may be obtained in addition to the Credit or Refund of Property Tax and the Additional Homestead Exemption.

No annual application is required if a Senior Valuation Limitation has been granted; however, if income exceeds the H.U.D. qualifying income in any year, the person shall notify the County Assessor that the limitation shall not be allowed for the applicable year. [68 O.S., Section 2890.1(B)(1)]

Circumstances for the removal of a Senior Valuation Limitation

If the application is denied, the property owner has the right to appeal to the Tulsa County Board of Equalization.

Please contact the Assessor's Office for more information about Senior Valuation Limitation. Our contact information is below.


Do You Qualify For Additional Homestead Exemption?

Do You Qualify For Oklahoma Claim For Credit or Refund of Property Taxes (538-H Circuit Breaker)?

Ken Yazel — Tulsa County Assessor

Tulsa County Administration Building, Room 215  |  500 S. Denver  |  Tulsa, OK 74103

Phone: (918) 596-5100  |  Fax: (918) 596-4799  |  Email: assessor@tulsacounty.org

Office hours: 8:00–5:00 Monday–Friday (excluding holidays)