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Volume XXII, Issue II February 2013 The mission of the Ad Valorem Division of the Oklahoma Tax Commission is to promote an ad valorem property tax system which is fair and equitable to all taxpayers by implementing standard valuation methodology, tax law conformity, and assessment administration compliance. Oklahoma Ad Valorem F O R U M “IAAO Zangerle Award Winner: 1997 and 2010” Director’s Notes: We enjoyed the CODA mid-winter meeting last week down in Norman. It was held at a nice facility, and that was a beautiful snow we had for a couple of hours. It looked like it belonged on an Oklahoma postcard. I’m still not used to driving all the way to Norman to the Embassy Suites instead of the Biltmore. Last year, you know we had a few folks that drove to Oklahoma City out of habit, but I wasn’t one of them. The sessions went well, and we had a good discussion on state questions which will be implemented in 2013. SQ 758 will provide for a 3% cap for homestead. Agricultural land was discussed at the meeting and at the 4-C the week before. We feel that it will be fairly easy to implement after the first year as everyone gets used to it. SQ 766 on intangibles will probably have more of an impact at the central level, but it is somewhat more complicated. We also had a good discussion with some assessors and members of the State Board subcommittee on the “live” audit for 2013. The 2013 Oklahoma Legislature has convened. There are several ad valorem bills already under consideration. We’ve been tracking those and responding to requests for information. Thank you for your assistance if we’re asked to gather county information. It is important that we get legislative impact studies done accurately. As we discussed at the County Assessor break-out session, The Progress Report to the Legislature has gone over to the Capitol, and we appreciated the county assessors’ help in preparing the report. That report is a valuable collection of information about counties and the ad valorem system as a whole. We always get a lot of questions about the report. Public Service Capitalization Rate Study We’re looking forward to the Public Service Capitalization Rate Conference March 28th and 29th. This is our sixth year in a row to have a cap rate conference and we continue to improve our efforts in valuation of public service properties. Geographic Information Council Day at the Capitol GIS Day at the Capitol is scheduled for March 14 at the Capitol. Call Troy Frazier or Wade Patterson, the GIS representative, if you have any questions. Jeff Spelman, CAE Director, Ad Valorem Division P.S. “It is a common experience that a problem that is difficult at night is resolved in the morning after the committee of sleep has worked on it.” John Steinbeck.
|Okla State Agency||
Tax Commission, Oklahoma
|Okla Agency Code||
|Title||Oklahoma ad valorem forum, 02/2013, v.22 no.2|
Oklahoma. Tax Commission.
|Purpose||Director's Notes; "A Mapping Minute" with Troy Frazier, Oklahoma as one of 19 states prioritized for flight this year; International Association of Assessing Officers; Focus on Hughes County;|
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|Digital Format||PDF, Adobe Reader required|
|ODL electronic copy||Downloaded from agency website: http://www.tax.ok.gov/advform/avfFeb13.pdf|
|Rights and Permissions||This Oklahoma state government publication is provided for educational purposes under U.S. copyright law. Other usage requires permission of copyright holders.|