Okla. Admin. Code § 710:10-3-20
Current through Vol. 42, No. 7, December 16, 2024
Section 710:10-3-20 - Classes of property(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): (2) Commercial - Industrial(b) The State Board of Equalization may further stratify the classes of property for the purpose of equalization pursuant to Article 10, § 21 of the Oklahoma Constitution.(c) The Oklahoma Tax Commission may recommend further stratification pursuant to 68 O.S. § 2865.(d) This Section is not to be construed to limit the constitutional and statutory authority of the State Board of Equalization to equalize within and between the counties, or the statutory authority of the Oklahoma Tax Commission to make recommendations to the State Board of Equalization as to the stratification or consolidation of classes of property for the purposes of equalization. [See: Poulos v. State Board of Equalization, 646 P. 2d 1269 (Okl. 1982); Cantrell v. Sanders, supra; Board of Commissioners of Canadian County v. State Board of Equalization; supra; Shell Petroleum Corporation v. State Board of Equalization, 170 Okl. 581, 41 P.2d 106(1935); In Re McNeal's Appeal, supra.; Also: Werner W. Doering, "Property Tax Equalization and Conventional Measures of Assessment Performance," Analyzing Assessment Equity, (IAAO, 1977) PP. 23-45.]Okla. Admin. Code § 710:10-3-20
Amended at 11 Ok Reg 3469, eff 6-26-94; Amended at 15 Ok Reg 3451, eff 7-11-98; Amended at 24 Ok Reg 2343, eff 6-25-07Amended by Oklahoma Register, Volume 34, Issue 24, September 1, 2017, eff. 9/11/2017Amended by Oklahoma Register, Volume 35, Issue 24, September 4, 2018, eff. 9/14/2018