Okla. Admin. Code § 710:10-4-7
Current through Vol. 42, No. 7, December 16, 2024
Section 710:10-4-7 - CAMA completion requirement as evidence of annual valuation(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.Okla. Admin. Code § 710:10-4-7
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