reglab/statecodes huggingface dataset:
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 1 - GENERAL PROVISIONS › Section 710:10-3-15 - Field inspection data collection effort [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Added at 11 Ok Reg
					 3469, eff 6-26-94; Amended at 14 Ok Reg 2670, eff 6-26-97; Revoked at 15 Ok Reg
					 3451, eff 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 1 - GENERAL PROVISIONS › Section 710:10-3-16 - Status of visual inspection plan [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Added at 11 Ok Reg
					 3469, eff 6-26-94; Amended at 14 Ok Reg 2670, eff 6-26-97; Revoked at 15 Ok Reg
					 3451, eff 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 1 - GENERAL PROVISIONS › Section 710:10-3-17 - Analysis of cadastral mapping effort [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Added at 11 Ok Reg
					 3469, eff 6-26-94; Amended at 14 Ok Reg 2670, eff 6-26-97; Revoked at 15 Ok Reg
					 3451, eff 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 1 - GENERAL PROVISIONS › Section 710:10-3-18 - Equalization study finding; submission to State Board of Equalization

Current through Vol. 41, No. 20, July 1, 2024
(a)
Compliance with equalization study requirements.
Upon completion
				  of the equalization study, the Oklahoma Tax Commission Ad Valorem Division
				  shall report median audited assessment percentages for each property
				  classification. Counties found to be within the Constitutional assessment
				  percentage range of 11 to 13.5 percent, with all three classes of real property
				  within the deviation range of 1.5 percent from the highest to the lowest ratio,
				  shall be certified to the State Board, as being in compliance with equalization
				  audit requirements.
(1)
Class
				  deviations.
All counties must have all three classes of real property
				  within the deviation range of 1.5 percent range, from the highest to the lowest
				  ratio, in order to be in compliance, regardless of overall median ratio.
				  [
See:
Art. 10, Section 8(A)(2), Okla. Const.]
(2)
Annual valuation.
The county
				  must annually value all taxable real and personal property within the county,
				  as required by 68 O.S. §§ 2817; 2829; and 2830, regardless of overall
				  median ratio.
(3)
Constitutional compliance.
The county must be in compliance with
				  Article 10, Section 8, of the Oklahoma Constitution, concerning assessment
				  percentage limitation for real and personal property; with Section 8B,
				  concerning the applicable valuation limitation on increases in fair cash value;
				  and Section 8C, concerning limitations on fair cash value on certain homestead
				  property, regardless of the overall median ratio.
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 1 - GENERAL PROVISIONS › Section 710:10-3-19 - Data collection for assessment and equity analysis

Current through Vol. 41, No. 20, July 1, 2024
(a) The purpose of data collection under this
				  Subchapter is to develop objective measurement of market value and market-use
				  value statistics within each county for purposes of the development of
				  equalization data, market-use analysis, and other data related to the Oklahoma
				  Tax Commission's responsibility to report to the State Board of
				  Equalization.
(b) The procedures
				  for data collection of sales and assessment information necessary to analyze
				  the assessment and valuation equity component part of the equalization study
				  shall also be addressed in this Subchapter.
(c) The Director of the Ad Valorem Division
				  may prescribe by memorandum specific internal procedures for the Oklahoma Tax
				  Commission staff to utilize to complete the equalization study in a timely and
				  efficient manner.
Added at 11 Ok Reg
					 3469, eff 6-26-94; Amended at 15 Ok Reg 3451, eff
					 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 1 - GENERAL PROVISIONS › Section 710:10-3-20 - Classes of property

Current through Vol. 41, No. 20, July 1, 2024
(a) For the purpose
				  of the equalization study in this Subchap-ter, the stratum of real property
				  will be subdivided into the following strata (use classification):
(1) Residential
(2) Commercial - Industrial
(3) Agricultural.
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 1 - GENERAL PROVISIONS › Section 710:10-3-21 - Data worksheets; confidential work papers; duty to follow regulations [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-22 - Collection of assessment and equalization data for purposes of equalization study

Current through Vol. 41, No. 20, July 1, 2024
(a) For purposes of
				  gathering sales data, the Oklahoma Tax Commission staff will examine verified
				  sales for the period to be included in the equalization study. The study period
				  shall be from January 1st to December 31st of the previous assessment
				  year.
(b) A
verified
sale is indicated by documentary stamps affixed to a warranty deed. This is
				  only a presumption that a sale has occurred.
(c) The verified sale
shall be
				  qualified by one
of the methods set out in this subsection:
(1) The amount of consideration paid is
				  stated in the warranty deed or attached documents;
(2) A mortgage or mortgages follows the
				  warranty deed which reasonably indicates that the documentary stamp value is
				  correct;
(3) Confirmation by one or
				  more of the following:
(A) Buyer;
(B) Seller;
(C) Real estate broker or agent;
(D) Bank or other lending
				  institution;
(E) Real estate
				  appraiser;
(F) Real estate data
				  banks and multi-list services; or
(G) Attorneys and other third parties who
				  have knowledge of the transaction.
(4) Commercial and industrial property is to
				  be qualified pursuant to subsection (g) of this Section by the confirmation
				  method.
(5) The residential
				  property data will be qualified by using the methods described in (1), (2) and
				  (3) of this subsection.
(6)
				  Agricultural properties will be appraised using the Oklahoma Tax Commission and
				  State Board of Equalization approved methodology.
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-23 - Contact between analyst and county assessor [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-24 - Screening of sales; exclusions from sampling

Current through Vol. 41, No. 20, July 1, 2024
(a) Transactions which are presumed not to be
				  arms-length sales may be used in the equalization study after determining that
				  adequate consideration exists.
(b)
				  If one of the following conditions exists, there may be a presumption that a
				  non-arms-length sale exists:
(1) Sales which
				  secure debt or other obligation.
(2) Sales without additional consideration,
				  conform, correct, modify or supplement a deed previously recorded.
(3) Sales between a husband and wife, parent
				  and child, grandparent and grandchild, those deeds within the second degree of
				  consanguinity, without actual consideration thereafter or sales between any
				  person and a revocable trust. See: 68 O.S. §
											2802.1(4)(a).
(4) Sales of release of property which is
				  security for debt or other obligation.
(5) Sales of partition, those between
				  co-owners, resulting in individual ownership of the interests of
				  each.
(6) Sales between corporate
				  affiliates with no consideration or sales made pursuant to mergers or sales
				  from a person to a partnership, LLC or corporation.
(7) Sales pursuant to foreclosure proceedings
				  in which the grantee is the holder of a mortgage on the property being
				  foreclosed.
(8) Sales pursuant to a
				  judicial ordered sheriff sales.
(9)
				  Sales of property to the United States Government, State of Oklahoma or the
				  counties and cities within Oklahoma.
(10) Splits or combinations of non-contiguous
				  property.
(11) Sales contract for
				  deed in excess of one (1) year.
(12) Trades of property with no consideration
				  stated.
(13) Sales of partial
				  interests in property.
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-25 - Collection of assessment data

Current through Vol. 41, No. 20, July 1, 2024
The Oklahoma Tax Commission staff will collect assessment
					 data for the prior year and current year in the following manner:
(1) The prior year assessments will be
				  collected immediately upon completion of the data collection process.
(2) The current year assessments
				  will be collected after June 1 st.
(3) The current and previous years'
				  assessments to be included in the equalization study will be submitted to the
				  county assessors for their review pursuant to
				  710:10-3-36.
(4) The book and page number of the sales to
				  be included in the equalization study may be submitted as soon as available.
Amended at 11 Ok Reg
					 3469, eff 6-26-94; Amended at 14 Ok Reg 2670, eff
					 6-26-97
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-26 - Notification to county assessor on collection of assessment data; county assessor participation [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-27 - Agriculture data collection and assessment data collection

Current through Vol. 41, No. 20, July 1, 2024
(a) The Oklahoma Tax Commission staff will
				  proceed to determine the samples to be used in the agricultural equalization
				  portion of the equalization study.
(b) Following the gathering of agricultural
				  samples to be used in the study, the Oklahoma Tax Commission will prepare
				  appraisals in accordance with the State Board of Equalization approved
				  agricultural use value methodology. Appraisals will be made on at least one
				  taxable parcel of unimproved agricultural land in each full township on a
				  random basis in each county, if available. This is subject to the guidelines on
				  adequate sampling set out in
				  710:10-3-30.
(1) For purposes of the equalization study,
				  an unimproved sample parcel of at least forty (40) acres is required in each
				  full township.
(2) A physical
				  inspection by the analyst is required to determine the use classification of
				  the land as follows: [
See:
1999 OK AG 20 ]
(A) Cropland;
(B) Improved pasture;
(C) Native pasture;
(D) Timber;
(E) Waste; or
(F) Other categories specified by the State
				  Board of Equalization.
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-28 - Agricultural ratio study; agricultural improvement [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-29 - Summary conference [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-30 - Adequate sample size

Current through Vol. 41, No. 20, July 1, 2024
(a) For
				  purposes of assessment and equalization data for the equalization study, a
				  sample size of one (1) percent of the total parcel count of a county will be
				  deemed generally adequate for the equalization study, not to exceed 1,000
				  samples. The Ad Valorem Division will prepare an annual statewide list of the
				  number of samples to be used in each county.
(b) A substantial deviation from the annual
				  statewide list of the number of samples to be used in each county must be
				  approved in writing by the Director of the Ad Valorem Division prior to the
				  beginning of the study.
(c)
				  Additional samples may be added from the original samples taken in the county
				  for the Equalization Study, if the sample size falls below the minimum sample
				  requirement. These additional samples will be selected on a random basis. The
				  selection process will be documented and made a part of the findings on the
				  county assessor's Equalization Study. Any additional samples will be subject to
				  the same verification process provided for in
				  710:10-3-24.
Amended at 11 Ok Reg
					 3469, eff 6-26-94; Amended at 14 Ok Reg 2670, eff 6-26-97; Amended at 15 Ok Reg
					 3451, eff 7-11-98; Amended at 24 Ok Reg 2343, eff
					 6-25-07
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-31 - Sample size for metropolitan counties [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Amended at 11 Ok Reg
					 3469, eff 6-26-94; Revoked at 14 Ok Reg 2670, eff
					 6-26-97
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-32 - Inspection of sales and use-value data by county assessor on completion of equalization study; objections to sale or appraisal

Current through Vol. 41, No. 20, July 1, 2024
(a) The Director of the Ad Valorem Division
				  shall submit to each county assessor a listing of the sales data and assessment
				  data for further screening used to determine assessment equity statistics. The
				  Oklahoma Tax Commission Ad Valorem Division staff
shall not
make
				  any corrections, deletions or adjustments without approval of the Director of
				  the Ad Valorem Tax Division or a person designated by the Director with the
				  authority to make such approvals.
(b) Any objection shall be upon forms
				  provided to the county assessors by the Oklahoma Tax Commission.
(c) These forms will be returned with
				  objections noted and properly documented with deeds, instruments or affidavits
				  for exclusion from the study or correction of error.
(d) Objections to sampling techniques and
				  suspected sampling problems will be subject to the procedure outlined in
				  710:10-3-33.
(e) The county assessor shall be provided the
				  complete list of unedited, raw sales data collected for the county prior to any
				  edits or deletions by the Ad Valorem Division. The sales data list shall be
				  provided to the county assessor upon completion of preliminary equalization
				  study data collection.
Amended at 11 Ok Reg
					 3469, eff 6-26-94; Amended at 15 Ok Reg 3451, eff
					 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-33 - Informal protest by the county assessor; detection of sampling problems

Current through Vol. 41, No. 20, July 1, 2024
(a) A county
				  assessor may file an informal protest related to the findings of his
				  equalization study detailing any suspected problem in sampling which may
				  distort the true picture of the assessment levels and uniformity in his county
				  or any other finding in the study with which he disagrees. This informal
				  protest should be made in writing, as soon as possible after an examination of
				  documents provided by the Oklahoma Tax Commission which would alert the
				  assessor to a possible problem. This informal protest must be filed before the
				  first Monday in November and should specifically state the suspected problem
				  and the class or classes of property affected.
(b) The Tax Commission may use any generally
				  accepted statistical techniques or methods of observation that would detect
				  problems in sampling.
(c) The
				  county assessor will be notified in writing of any sampling problems and
				  methods used to correct them and will also be notified of the new results to be
				  submitted to the State Board of Equalization. [
See: IAAO Standard on
				  Assessment Ratio Studies,
Latest edition. ]
Amended at 11 Ok Reg
					 3469, eff 6-26-94; Amended at 14 Ok Reg 2670, eff 6-26-97; Amended at 15 Ok Reg
					 3451, eff 7-11-98; Amended at 24 Ok Reg 2343, eff
					 6-25-07
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-34 - Median assessment ratio; central tendency [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-35 - Deviation between the three use classifications (STRATA) of real property (STRATUM) [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 3 - DATA COLLECTION › Section 710:10-3-36 - Time schedule for equalization study of real property

Current through Vol. 41, No. 20, July 1, 2024
The following time schedule applies to the equalization
					 study of real property described in this Subchapter:
(1) Complete all data collection by the third
				  Monday in July.
(2) Provide to
				  County Assessors for examination a listing of sample data study results by the
				  fourth Monday in August.
(3)
				  Examination by County Assessors for corrections and deletions and return to the
				  Oklahoma Tax Commission by the third Monday in September.
(4) Final listing of sample data study
				  results to be provided to County Assessor by the second Monday in
				  October.
(5) Filing of informal
				  protest to the findings of the equalization study shall be filed by the first
				  Monday in November.
(6) Review and
				  disposition of any informal protest shall be made by the second Monday in
				  November.
(7) Equalization study
				  final findings and recommendations shall be filed by the second Monday in
				  November.
(8) Presentation of
				  findings and recommendations made to the Oklahoma Tax Commission by the fourth
				  Tuesday in November.
(9)
				  Presentation to the State Board of Equalization on December 1st or the first
				  working day thereafter.
Amended at 11 Ok Reg
					 3469, eff 6-26-94; Amended at 15 Ok Reg 3451, eff
					 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 5 - AUTHORITIES AND METHODOLOGY › Section 710:10-3-50 - State Board of Equalization Sub-Committee [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 5 - AUTHORITIES AND METHODOLOGY › Section 710:10-3-51 - Sales data and assessment data collections [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 5 - AUTHORITIES AND METHODOLOGY › Section 710:10-3-52 - Appraisals used in lieu of sales-equalization [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 5 - AUTHORITIES AND METHODOLOGY › Section 710:10-3-53 - Inadequate sample size [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 5 - AUTHORITIES AND METHODOLOGY › Section 710:10-3-54 - Review of assessment and tax rolls

Current through Vol. 41, No. 20, July 1, 2024
Ad Valorem Division personnel may from time to time compare
					 assessment valuations used in the equalization study from the assessment rolls
					 with the assessment valuation of the tax rolls. If it becomes apparent that
					 there is a pattern of inconsistency between these two rolls, the Oklahoma Tax
					 Commission Ad Valorem Division may conduct an in-depth review of assessment
					 records in the county and report its findings to the State Board of
					 Equalization.
Amended at 11 Ok Reg
					 3469, eff 6-26-94; Amended at 15 Ok Reg 3451, eff
					 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 5 - AUTHORITIES AND METHODOLOGY › Section 710:10-3-55 - Coefficient of dispersion [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 5 - AUTHORITIES AND METHODOLOGY › Section 710:10-3-56 - Measure of reliability; tests of hypothesis [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 5 - AUTHORITIES AND METHODOLOGY › Section 710:10-3-57 - Measure of reliability; nonparametric testing [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 5 - AUTHORITIES AND METHODOLOGY › Section 710:10-3-58 - Outliers [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 5 - AUTHORITIES AND METHODOLOGY › Section 710:10-3-59 - Cash equivalence adjustments [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 5 - AUTHORITIES AND METHODOLOGY › Section 710:10-3-60 - Cash equivalence adjustment guidelines [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 11 Ok Reg
					 3469, eff 6-26-94
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 5 - AUTHORITIES AND METHODOLOGY › Section 710:10-3-61 - Selective reappraisal of properties sold; investigation; alternate methodology [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Amended at 11 Ok Reg
					 3469, eff 6-26-94; Amended at 14 Ok Reg 2670, eff 6-26-97; Amended at 15 Ok Reg
					 3451, eff 7-11-98; Amended at 24 Ok Reg 2343, eff
					 6-25-07
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 3 - Equalization Study › Part 5 - AUTHORITIES AND METHODOLOGY › Section 710:10-3-63 - School funding code compliance

Current through Vol. 41, No. 20, July 1, 2024
(a)
				  Each assessment and equalization analyst will note sale samples taken from the
				  visual inspection area of the counties assigned.
(b) These samples will be taken in the area
				  shown on the plan filed with the Oklahoma Tax Commission as being inspected for
				  the current year.
(c) These samples
				  are to be used to determine if visual inspection is being implemented according
				  to the plan filed with the Oklahoma Tax Commission and that the filed plan is
				  verifiable.
(d) The analyst will
				  also check a sufficient number of the property assessment records in the visual
				  inspection area against the actual existing structure to determine if actual
				  physical inspections are being made and proper appraisal techniques are being
				  applied.
(e) The analyst will
				  report the lack of property assessment records, inadequate property assessment
				  records, and other discrepancies upon a worksheet for that function. A copy of
				  the present compliance report may be obtained from the Ad Valorem Tax Division
				  and will be updated periodically to conform to current law and changing
				  requirements as determined by the Director of the Ad Valorem Tax
				  Division.
(f) This Section is not
				  part of the normal equalization study but is part of the Oklahoma Tax
				  Commission's parallel duties prescribed by law. The enforcement of the school
				  funding code compliance or visual inspection statutes is not the statutory or
				  constitutional duty of the State Board of Equalization. [
See:
70
				  O.S. §
										18-109.1(4)
				  ]
Amended at 11 Ok Reg
					 3469, eff 6-26-94; Amended at 14 Ok Reg 2670, eff 6-26-97; Amended at 15 Ok Reg
					 3451, eff 7-11-98; Amended at 22 Ok Reg 1518, eff 6-11-05; Amended at 24 Ok Reg
					 2343, eff 6-25-07
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 4 - Annual Valuation Mandate › Section 710:10-4-1 - Purpose [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Added at 14 Ok Reg 2670, eff 6-26-97 ; Amended at 15 Ok
					 Reg 3451, eff 7-11-98 ; Amended at 23 Ok Reg 2803, eff 6-25-06 ; Revoked at 30
					 Ok Reg 1469, eff 7-1-13
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 4 - Annual Valuation Mandate › Section 710:10-4-2 - Definitions [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Added at 14 Ok Reg 2670, eff 6-26-97 ; Amended at 15 Ok
					 Reg 3451, eff 7-11-98 ; Amended at 23 Ok Reg 2803, eff 6-25-06 ; Amended at 24
					 Ok Reg 2343, eff 6-25-07 ; Revoked at 30 Ok Reg 1469, eff
					 7-1-13
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 4 - Annual Valuation Mandate › Section 710:10-4-3 - Responsibilities of County Assessor [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Added at 14 Ok Reg 2670, eff 6-26-97 ; Amended at 15 Ok
					 Reg 3451, eff 7-11-98 ; Amended at 23 Ok Reg 2803, eff 6-25-06 ; Amended at 24
					 Ok Reg 2343, eff 6-25-07 ; Revoked at 30 Ok Reg 1469, eff
					 7-1-13
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 4 - Annual Valuation Mandate › Section 710:10-4-4 - Elements essential to proper visual inspection [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Added at 14 Ok Reg 2670,
				  eff 6-26-97; Revoked at 15 Ok Reg 3451, eff
				  7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 4 - Annual Valuation Mandate › Section 710:10-4-5 - Activities essential to visual inspection [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Added at 14 Ok Reg 2670,
				  eff 6-26-97; Revoked at 15 Ok Reg 3451, eff
				  7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 4 - Annual Valuation Mandate › Section 710:10-4-6 - Annual valuation of all real and personal property outside visual inspection area [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Added at 14 Ok Reg 2670, eff 6-26-97 ; Amended at 15 Ok
					 Reg 3451, eff 7-11-98 ; Amended at 23 Ok Reg 2803, eff 6-25-06 ; Amended at 24
					 Ok Reg 2343, eff 6-25-07 ; Revoked at 30 Ok Reg 1469, eff
					 7-1-13
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 4 - Annual Valuation Mandate › Section 710:10-4-7 - CAMA completion requirement as evidence of annual valuation

Current through Vol. 41, No. 20, July 1, 2024
(a)
Annual
				valuation utilizing CAMA program required.
In order to be found in
				compliance with statutory annual valuation requirements, counties shall be
				required to generate and maintain actual fair cash values for all taxable
				property, utilizing a system of Computer Assisted Mass Appraisal (CAMA), which
				meets state standards, pursuant to 68 O.S. §§
									2820(C),
				2829,
				2830(B).
				Utilization of CAMA shall include an ongoing, systematic CAMA valuation
				program, as well as an ongoing sales verification program, with all current
				sales information to be entered into the respective CAMA systems for analysis
				and use in the valuation process.
(b)
Non-compliance.
Any county
				not satisfying the requirements of this section may be recommended for
				non-compliance to the State Board of Equalization dependent upon a detailed
				review of the information obtained as a part of the Annual Valuation audit
				contained in rules
				710:10-4-8
				and
				710:10-4-9.
Added at 14 Ok Reg 2670,
				  eff 6-26-97; Amended at 15 Ok Reg 3451, eff 7-11-98; Amended at 23 Ok Reg 2803,
				  eff 6-25-06; Amended at 24 Ok Reg 2343, eff
				  6-25-07
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 4 - Annual Valuation Mandate › Section 710:10-4-8 - Determination of compliance with annual valuation requirements; certification to the State Board of Equalization [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Added at 14 Ok Reg 2670, eff 6-26-97 ; Amended at 15 Ok
					 Reg 3451, eff 7-11-98 ; Amended at 23 Ok Reg 2803, eff 6-25-06 ; Amended at 24
					 Ok Reg 2343, eff 6-25-07 ; Amended at 26 Ok Reg 2323, eff 6-25-09 ; Revoked at
					 30 Ok Reg 1470, eff 7-1-13
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 4 - Annual Valuation Mandate › Section 710:10-4-9 - Findings of the annual valuation audit [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Added at 14 Ok Reg 2670, eff 6-26-97 ; Amended at 15 Ok
					 Reg 3451, eff 7-11-98 ; Amended at 23 Ok Reg 2803, eff 6-25-06 ; Amended at 24
					 Ok Reg 2343, eff 6-25-07 ; Amended at 26 Ok Reg 2323, eff 6-25-09 ; Revoked at
					 30 Ok Reg 1470, eff 7-1-13
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 5 - Homestead Exemption › Section 710:10-5-1 - Status as of January first governs; exception

Current through Vol. 41, No. 20, July 1, 2024
(a) In order to obtain a homestead exemption,
				the applicant must be the record actual owner of the property on January 1st
				and must actually be residing there. If the evidence of title is not executed
				on or before January 1st and filed of record in the office of the County Clerk
				on or before February 1st, no exemption can be allowed, even though the person
				may have owned the property and may have been residing there for a number of
				years. [
See:
Op. Att'y Gen. issued 02-20-50; 68 O.S. §
									2888
				]
(b) A natural person actually
				owning, residing and domiciled in the residence on January 1st shall be deemed
				to be the record owner of the property on January 1st, if the deed or other
				evidence of ownership, executed on or before January 1st, is of record in the
				office of the County Clerk on February 1. [
See:
68 O.S. §
									2888 ]
Amended at 15 Ok Reg
				  3451, eff 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 5 - Homestead Exemption › Section 710:10-5-2 - Homestead exemption available to natural persons, citizens; marital status irrelevant

Current through Vol. 41, No. 20, July 1, 2024
The homestead exemption should be granted to any natural
				  person who is a citizen of the State of Oklahoma, provided other requirements
				  of the Act are satisfied. It is not necessary for a man to be married or be the
				  head of a family. The exemption may be allowed to a single person.
				  [
See:
68 O.S. §
									2888; Op.
				  Att'y Gen. issued 02-09-37]
Amended at 15 Ok Reg
				  3451, eff 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 5 - Homestead Exemption › Section 710:10-5-3 - What constitutes residence and domicile; temporary absence

Current through Vol. 41, No. 20, July 1, 2024
(a)
Legal
				residence.
A person's legal residence must be the place for which a
				homestead exemption is sought and the person must actually be residing there,
				as of January 1st assessment date. In most cases, a person cannot obtain the
				exemption if the home was rented on January 1st. The one exception is that a
				person in the Armed Services in the time of war, or during a National
				Emergency, or his family, is not required to be residing on the property and
				may even rent the property and still receive the exemption, if properly
				claimed.
(b)
Effect of
				absence.
Temporary absence for the purpose of making a visit or for
				other purposes, where the home is not rented and the owner intends to return to
				the home within a reasonable length of time and does not establish what could
				properly be considered to be a permanent residence elsewhere, will not serve to
				deprive the owner of a homestead exemption. For example, a school teacher may
				own a home and maintain it for her mother and herself, although for nine months
				of the year, she is absent from the home, teaching, provided the home is not
				rented or closed during her absence and she returns during vacation months. In
				such a case, she is entitled to homestead exemption. In any case where a person
				is absent from his home and rents his home during his absence, and if the home
				is rented on the first day of January, the applicant cannot obtain an
				exemption. [
See:
Op. Att'y Gen. issued 03-17-54]
Amended at 15 Ok Reg
				  3451, eff 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 5 - Homestead Exemption › Section 710:10-5-5 - Indian land [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Revoked at 18 Ok Reg
				  2796, eff 6-25-01
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 5 - Homestead Exemption › Section 710:10-5-6 - What constitutes "actual owner"

Current through Vol. 41, No. 20, July 1, 2024
(a)
Record title.
In any case
				where a natural person is occupying a home by reason of title by warranty deed,
				quit claim deed, tax deed, sheriff's deed, or by similar evidence of title, the
				assessor and board should assume that person is the actual owner of the
				property. If a person owns title to the property, and it is of record on
				February 1st, and he is in actual possession of the property, and residing
				there as of January 1st, the assessor or board should not question the title or
				ownership of such a person. A person who purchases property under a contract of
				sale and the contract of sale is on record in the County Clerk's Office on
				February 1st, and the person has possession of and is residing on the property
				on January 1st, is entitled to homestead exemption. [
See:
Op.
				Att'y Gen. issued 01-19-37 and 01-19-55; Op. Att'y Gen. No. 426
				(1967)]
(b)
Life
				estate.
A person owning a life estate in his residence, provided
				evidence of title to the residence is of record in the office of the County
				Clerk, and who is living there, is entitled to a homestead exemption.
(c)
Title by inheritance.
A
				person owning a home by inheritance is entitled to the exemption provided the
				Order of the Court determining the ownership is of record in the office of the
				County Clerk as of February 1st.
(d)
Title in surviving spouse or minor
				child.
The surviving spouse or minor child of a deceased person shall be
				considered as the record owner of the homestead where the record title was in
				the name of the deceased person as of January 1st and the spouse or child meets
				all other qualifications. [
See:
58 O.S. §
									311
				]
(e)
Contracts for
				deed.
Based on the provisions of 16 O.S. §
									11A, a
				purchaser of real property, under a contract for deed, qualifies for the
				statutory homestead exemption from ad valorem taxes, if the following
				conditions are met:
(1)
Bona fide
				purchase.
The contract for deed was made for the purpose of receiving
				the payment of money and for the purpose of creating an immediate and
				continuing right to possession of the real property;
(2)
Filed of record.
The
				contract for deed is filed of record in the County Clerk's Office;
				and,
(3)
Residency.
The purchaser under the contract for deed actually resides on the property and
				meets all other qualification criteria. [
See:
Op. Att'y Gen. 199
				(1987)]
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 5 - Homestead Exemption › Section 710:10-5-7 - Undivided interests in homesteads

Current through Vol. 41, No. 20, July 1, 2024
(a)
Undivided interests in general.
A person who is a citizen of
				Oklahoma, that resides and is domiciled in a residence is entitled to a
				homestead exemption, in the amount of his undivided interest. For example, if
				the person is residing upon land in which he owns an undivided one-half
				interest, he is entitled to an exemption of $500.00. If his undivided interest
				is one-fourth, he is entitled to an exemption of $250.00. [
See:
68
				O.S. §§
									2888,
				2833
				]
(b)
Exception for undivided
				interest in a parent and child.
If a parent and a child or children own
				a house jointly, but the parent is the only person residing in the house, the
				parent is entitled to the full exemption, up to One Thousand Dollars
				($1,000.00). [
See:
68 O.S. §
									2888
				]
(c)
Retention of homestead
				by a surviving spouse or minor child.
The surviving spouse or minor
				children, or both, of a deceased person shall be considered to be the record
				owners of a homestead if the title of record is in the office of the county
				clerk on January 1, in the name of the deceased. For example, if one spouse is
				listed as the record owner of the residency on January 1, and that spouse dies
				that year, the surviving spouse or the decedent's children will still be able
				to claim the homestead exemption for that year, even though they are not listed
				as the owners of record in the office of the county clerk. [
See:
68 O.S. §
									2888
				]
Amended at 15 Ok Reg
				  3451, eff 7-11-98; Amended at 22 Ok Reg 1518, eff
				  6-11-05
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 5 - Homestead Exemption › Section 710:10-5-8 - Keeping of roomers or boarders [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Amended at 15 Ok Reg
				  3451, eff 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 5 - Homestead Exemption › Section 710:10-5-9 - Homesteads used partially for business or commercial purposes; allocation of value and exemption [REVOKED]

Current through Vol. 41, No. 20, July 1, 2024
Amended at 15 Ok Reg
				  3451, eff 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 5 - Homestead Exemption › Section 710:10-5-10 - Filing an application

Current through Vol. 41, No. 20, July 1, 2024
(a)
Application restriction.
In order for any person to obtain an
				exemption on his homestead an application must be filed with the County
				Assessor on on form OTC 921, on or before March 15th of that year. However, the
				time within which to apply for the homestead exemption may be extended by
				thirty (30) days from receipt by the taxpayer of a County Assessor Notice of
				Increase in Valuation of Real Property form (OTC 926). Applications may be
				accepted by the county assessor throughout the year, however, applications
				filed after March 15, or after 30 days from receipt of a County Assessor Notice
				of Increase in Valuation of Real Property, whichever is later, will not be
				effective until the following year.
(b)
Who may sign application.
The application shall be signed by the owner of the property, or in case of
				minors or incompetents, by the guardian. Either husband or wife may sign an
				application if joint title is held by both parties. Similarly, an adult child
				may sign for the parents, if title to the property is jointly held between
				them. Other agents for taxpayers may not sign an application for an exemption,
				unless the owner is currently a member of the Armed Services of the United
				States, during time of war or a national emergency. Persons sixty-five (65)
				years of age or older, as of March 15, who have previously qualified for the
				additional homestead exemption or the limitation of fair cash value of
				homestead property, shall
not
be required to make an annual
				application, provided all qualifications are maintained. [
See:
68
				O.S. §
									2892
				]
Amended at 15 Ok Reg
				  3451, eff 7-11-98; Amended at 18 Ok Reg 2796, eff 6-25-01; Amended at 22 Ok Reg
				  1518, eff 6-11-05
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 5 - Homestead Exemption › Section 710:10-5-11 - What levies exempt

Current through Vol. 41, No. 20, July 1, 2024
Homesteads are not exempt from levies for interest and
				  sinking fund requirements, for bonded indebtedness incurred prior to the
				  effective date of the Act. They are exempt from all General Fund levies,
				  including the additional millage voted by school districts. [
See:
68 O.S. §
									2889
				  ]
Amended at 15 Ok Reg
				  3451, eff 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 5 - Homestead Exemption › Section 710:10-5-12 - Exemption limited to natural persons

Current through Vol. 41, No. 20, July 1, 2024
A homestead exemption cannot be granted on a home if the
				  title is in the name of a corporation, since a corporation is not a
natural person
, as required by the Act. [
See:
68 O.S.
				  §
									2888
				  ]
Amended at 15 Ok Reg
				  3451, eff 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 5 - Homestead Exemption › Section 710:10-5-13 - Parents and children as co-owners

Current through Vol. 41, No. 20, July 1, 2024
A parent or parents may be granted a full homestead
				  exemption if the parents reside on and own the homestead property in joint
				  tenancy with one or more of their children, whether parents are residing
				  together or separated, provided the joint tenancy instrument is recorded in the
				  County Clerk's office. [
See:
68 O.S. §
									2888
				  ]
Added at 15 Ok Reg 3451,
				  eff 7-11-98
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 6 - Storm Shelter Exemption › Section 710:10-6-1 - Purpose

Current through Vol. 41, No. 20, July 1, 2024
The provisions of this Subchapter have been adopted for the
				  purpose of compliance with the Administrative Procedures Act, 75 O.S. §
									250 et
				  seq., and to facilitate the administration of the exemption from the ad valorem
				  taxation for storm shelters approved by popular vote on November 5, 2002 (Laws
				  2002, H.J.Res.No. 1001; State Question 696).
Added at 20 Ok Reg 2154,
				  eff 6-26-03
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 6 - Storm Shelter Exemption › Section 710:10-6-2 - Definitions

Current through Vol. 41, No. 20, July 1, 2024
The following words and terms, when used in this Subchapter,
				  shall have the following meaning, unless the context clearly indicates
				  otherwise:
"Storm shelter"
, for purposes of exemption,
				  means a structure designed for protection and safety from tornadoes or tornadic
				  winds and installed or added to an improvement to real property after January
				  1, 2002, which does not exceed One Hundred (100) square feet in size.
"Storm shelter"
shall include, but not be limited to, a safe room
				  built as part of and within an improvement to real property.
Added at 20 Ok Reg 2154,
				  eff 6-26-03
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 6 - Storm Shelter Exemption › Section 710:10-6-3 - Status as of January 1 controls

Current through Vol. 41, No. 20, July 1, 2024
In order to obtain the exemption for a storm shelter, the
				  applicant must be the actual owner of the property on January 1 of the year for
				  which the exemption is sought. If evidence of title is not executed on or
				  before January 1 and filed of record in the office of the County Clerk on or
				  before February 1, no exemption can be allowed.
Added at 20 Ok Reg 2154,
				  eff 6-26-03
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 6 - Storm Shelter Exemption › Section 710:10-6-4 - Ownership

Current through Vol. 41, No. 20, July 1, 2024
In any case where title is proffered by warranty deed, quit
				  claim deed, tax deed, sheriff's deed, or by similar evidence of title, the
				  assessor and county board of equalization shall assume that the person or
				  entity for whom application is made
is
the actual owner of the
				  property. A person who purchases property by a contract for sale, or contract
				  for deed, on or before January 1, and who is designated as the purchaser in
				  proper documents filed of record in the County Clerk's office on or before
				  February 1, is entitled to the exemption. Refer to
OAC
710:10-5-6
				  for additional ownership clarification.
Added at 20 Ok Reg 2154,
				  eff 6-26-03
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 6 - Storm Shelter Exemption › Section 710:10-6-5 - Period of exemption

Current through Vol. 41, No. 20, July 1, 2024
Beginning January 1, 2002, any storm shelter which meets the
				  definition set out in
				  710:10-6-2 shall be
				  exempt from Ad Valorem tax. Thereafter, if title to the property is
				  transferred, changed, or conveyed to another person or entity, the exemption
				  will be terminated and the property assessed as set forth in Article 10,
				  Section 8 of the Oklahoma Constitution.
Added at 20 Ok Reg 2154,
				  eff 6-26-03
Oklahoma Administrative Code › Title 710 - Oklahoma Tax Commission › Chapter 10 - AD Valorem › Subchapter 6 - Storm Shelter Exemption › Section 710:10-6-6 - Exemption not restricted to homestead property

Current through Vol. 41, No. 20, July 1, 2024
A storm shelter located in a residential or commercial
				  property may qualify for the exemption. Article 10, Section 6, of the Oklahoma
				  Constitution.
Added at 20 Ok Reg 2154,
				  eff 6-26-03