Form Otc 905 - Storm Shelter Exemption Application Page 2
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2Storm Shelter Exemption Application - Page 2
Ad Valorem Exemption for Storm Shelters
State Question 696
Approved in the November 5, 2002 General Election
Reference: Oklahoma Constitution Article 10 Section 6
The Oklahoma constitution provides for up to one hundred (100) square feet of a storm shelter
designed for protection and safety from tornados or tornadic winds and installed or added to an
improvement to real property after January 1, 2002, shall be exempt from taxation. A storm shelter
shall include but not limited to , a safe room built as part of and within an improvement to real
property. If title to the property with an exempt storm shelter is transferred, changed or conveyed to
another person, such storm shelter shall be assessed for that year based on the fair cash value as
set forth in section 8 of the Oklahoma Constitution.
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