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The Water Cooler
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<blockquote data-quote="n423" data-source="post: 3056808" data-attributes="member: 7037"><p><strong>Homestead Property shall be frozen by the County Assessor if the following conditions exist:</strong></p><p>• <strong>The homestead property owner is age 65 or older.</strong></p><p>• The gross household income from all sources, except gifts, does not exceed the amount determined by the U.S. Department of Housing and Urban Development (H.U.D.) for your county.</p><p>•Property must be a valid homestead property with proper evidence of a homestead or an application.</p><p>•As with any homestead, the general statutes for homestead qualification apply to the freeze.</p><p>• The statutes specify that only one homestead and, by extension, only one freeze is permitted.</p><p>• The freeze applies only to the homestead property used as a domicile and may not be applied to non-homestead property.</p><p>(Reference 68 O.S. Ann. Sections 2888, 2893 and applicable Attorney General Opinions.)</p></blockquote><p></p>
[QUOTE="n423, post: 3056808, member: 7037"] [B]Homestead Property shall be frozen by the County Assessor if the following conditions exist:[/B] • [B]The homestead property owner is age 65 or older.[/B] • The gross household income from all sources, except gifts, does not exceed the amount determined by the U.S. Department of Housing and Urban Development (H.U.D.) for your county. •Property must be a valid homestead property with proper evidence of a homestead or an application. •As with any homestead, the general statutes for homestead qualification apply to the freeze. • The statutes specify that only one homestead and, by extension, only one freeze is permitted. • The freeze applies only to the homestead property used as a domicile and may not be applied to non-homestead property. (Reference 68 O.S. Ann. Sections 2888, 2893 and applicable Attorney General Opinions.) [/QUOTE]
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