Oklahoma § 62-884 - Ad valorem tax exemption - Effect on school state aid
Full text of Oklahoma Oklahoma Statutes § 62-884 — Ad valorem tax exemption - Effect on school state aid, with citation guidance and answers to common questions.
§ 62-884. Ad valorem tax exemption - Effect on school state aid
Pursuant to the provisions of Section 6C of Article X of the
Oklahoma Constitution, a municipality or county may provide an
exemption from ad valorem taxes in a housing reinvestment district
pursuant to the provisions of this act. A school district or taxing
Oklahoma Statutes - Title 62. Public Finance
entity other than a municipality or county may provide an exemption
from ad valorem taxes in a housing reinvestment district pursuant to
the provisions of this act through a contractual arrangement with
the municipal or county governing body. The loss of revenue to a
school district from any such exemption from ad valorem taxes shall
be borne by the school district and such exempted revenue shall be
treated as being received by the school district for purposes of
computation of the school district’s state aid pursuant to the
provisions of Article 18 of Title 70 of the Oklahoma Statutes.
Added by Laws 2002, c. 344 , § 4, eff. Jan. 1, 2003.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-884
What does Oklahoma Statutes § 62-884 cover?
Section 62-884 ("Ad valorem tax exemption - Effect on school state aid") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 62-884?
A common citation format is "Oklahoma Statutes § 62-884" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 62-884 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.