Okla. Stat. tit. 68, § 68-2889: Homesteads - Classification - Exemption from ad valorem

taxation.

Homesteads, as defined in Section 2888 of this title, are hereby

classified for the purpose of taxation as provided in Section 22 of

Article X of the Oklahoma Constitution. All homesteads in this

state shall be assessed for taxation the same as other real property

therein, except that each homestead, as defined by Section 2801 et

seq. of this title, shall be exempted from all forms of ad valorem

taxation to the extent of One Thousand Dollars ($1,000.00) of the

assessed valuation.