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
To add a Storm Shelter Exemption:
CLICK the Edit Button 
CLICK the box under ExCode
A selection box will open.
CHOOSE SRM and OK
TAB through to the Active box.
TYPE-IN the year to begin the exemption.
TAB to the Maximum Amount and type in the exemption amount.
The exemption amount will be the fair cash value per square foot, up to 100 square foot. This must be figured manually and revisited every year for possible value changes.
TAB-THROUGH
EXIT and SAVE changes.
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