Oklahoma § 68-2833 - Jointly owned property - Listing, assessment and taxation

§ 68-2833. Jointly owned property - Listing, assessment and taxation

- Taxes as lien.

A. If any real estate in this state is jointly owned by two or

more persons, or by tenants in common, and the interest of one or

more of such joint owners or tenants in common is subject to

taxation, and that of the others is not, then it shall be the duty

of the joint owners or tenants in common whose interests are subject

to taxation to list such undivided interests for taxation at the

time and in the same manner as other taxable property is listed.

B. In any other case where the owner of an undivided interest

in real estate desires to have his interest separately assessed, he

shall list such undivided interest with the county assessor and

advise the county assessor of the name and amounts owned by other

owners of undivided interests in such real estate.

C. In either instance, it shall be the duty of the county

assessor to assess such undivided interest or interests for taxation

as other property. Such assessment shall be equalized, and taxes

levied and extended against the same, as other taxable property.

D. Such taxes shall be a lien on such interest and if same be

not paid and become delinquent, it shall be the duty of the county

treasurer to advertise and sell such interests as in the case of

other real property for delinquent taxes, and the purchasers at such

sale shall be entitled to certificate of purchase, and to a deed if

not redeemed, and all other rights and remedies as in cases of the

sale of other real estate for taxes. If any such interests in real

estate have been omitted or escaped taxation for any year or years

for which same was liable, it shall be the duty of all officers to

discover and assess the same for such omitted year or years the same

as other property which has been omitted or escaped taxation, and

such taxes shall be a lien and collected in the same manner and to

the same extent as other taxes on omitted property.

Added by Laws 1988, c. 162, § 33, eff. Jan. 1, 1992.