Okla. Admin. Code § 710:10-3-12

Current through Vol. 42, No. 4, November 1, 2024

Section 710:10-3-12 - Analysis of assessment and valuation equity

(a) The analysis of the assessment and valuation equity of each county shall consist of a comprehensive review of sales and assessments within the county. The purpose of this analysis shall be to prepare a median sales ratio for residential and commercial, and a use-value median ratio for agricultural property within each county in the state. This information shall be used to obtain, at a minimum, the following statistics:

(1) Median sales assessment ratio for each of the three sub-classes of real property;

(2) Coefficient of dispersion for each of the three classes of property;

(3) Comparative data for each class of property to determine the deviation between the three use classifications of real property;

(4) Other statistical data as deemed necessary by the Director of the Ad Valorem Division to ensure a valid and accurate report.

(b) The sales and assessment information necessary for the analysis shall follow the general procedures for data collection described in this Subchapter.

Okla. Admin. Code § 710:10-3-12

Added at 11 Ok Reg 3469, eff 6-26-94; Amended at 14 Ok Reg 2670, eff 6-26-97