Okla. Stat. tit. 3, § 3-65.17v1: Property and income exempt from taxation

Any property in this state acquired by a municipality for

airport, vertiport, or air navigation purposes pursuant to the

provisions of this act, and any income derived by such municipality

from the ownership, operation or control thereof, shall be exempt

from taxation to the same extent as other property used for public

purposes. Any municipality is authorized to exempt from municipal

taxation any property, acquired within its boundaries by a public

agency of another state, for airport, vertiport, or air navigation

purposes, and any income derived from such property, to the extent

that such other state authorizes similar exemptions from taxation to

municipalities of this state.