Okla. Admin. Code § 710:15-3-3

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

Section 710:15-3-3 - Schedule of fees; personal property assessment in lieu of registration fee

(a)General classification for fee purposes. Registration and renewal of registration of aircraft are subject to registration fees and taxes as set forth by statute [See: 3 OS 256(A)]

(b)Fee reduction for subsequent years; reduction limit. The fees in 3 O.S. § 256(A)(1)-(5) are to be reduced at a rate of ten percent (10%) each year following the date of manufacture until the fee is equal to fifty percent (50%) of the original fee, which shall then be the fee for each year thereafter. [3 O.S. § 256(A)(7) ]

(c)Special flat rate fee for certain aircraft.Antique aircraft as defined by the Federal Aviation Administration, sailplanes, balloons, and home-built aircraft shall be subject to a flat-rate fee of Ten Dollars ($10.00). [3 O.S. § 256(A)(6) ]

(d)Option to pay personal property assessment in lieu of registration. Every aircraft owner has the right to appeal the assessment of the fee levied by 3 O.S. § 256(A) and the Commission will appraise the aircraft and its avionics as personal property at its fair market value and apply a 12% assessment rate and levy the tax at the appropriate county millage rate. [3 O.S. § 256(A)(8) ].

Okla. Admin. Code § 710:15-3-3

Amended by Oklahoma Register, Volume 35, Issue 24, September 4, 2018, eff. 9/14/2018