Oklahoma § 68-2865 - Oklahoma Tax Commission - Adjustment and equalization of

§ 68-2865. Oklahoma Tax Commission - Adjustment and equalization of

valuation of real and personal property - Findings - Powers, duties

and authority.

A. The Oklahoma Tax Commission shall render its findings as to

the adjustment and equalization of the valuation of real and

personal property of the several counties of the state by reporting

to the State Board of Equalization the ratio derived from comparing

the assessed value of the real property of each county to the full

or fair cash value of the real property of such county; and such

findings shall, on or before December 1 of each calendar year, be

presented to the State Board of Equalization as recommendations for

Oklahoma Statutes - Title 68. Revenue and Taxation

its final action under Section 21 of Article X of the Oklahoma

Constitution.

B. All duties, powers and authority relating to the adjustment

and equalization of the valuation of real and personal property of

the several counties of the state, shall be vested in the Oklahoma

Tax Commission, excepting only the duties, powers and authority of

the State Board of Equalization, as fixed and defined by Section 21

of Article X of the Oklahoma Constitution.

C. In the assessment of all property which it is their duty to

assess for taxation, all county officers shall continue to perform

all the duties required of them, and to exercise all the powers and

authority vested in them, by law.

D. In the performance of its duties, as herein defined, the

Oklahoma Tax Commission, or any duly authorized representative

thereof, shall have the power to administer oaths, to conduct

hearings, and to compel the attendance of witnesses and the

production of the books, records and papers of any person, firm,

association or corporation, or of any county; and to enter any

business or commercial premises and inspect the property of the

taxpayer.

E. Prior to entering the business or commercial premises of any

taxpayer for purposes of discovering personal property, the Oklahoma

Tax Commission shall request permission to enter the business or

commercial premises and shall state the reason for the inspection.

If access to the business or commercial premises is denied, the

Oklahoma Tax Commission shall be required to obtain a search warrant

in order to conduct an inspection of the interior of the business or

commercial premises. A search warrant may be obtained upon a

showing of probable cause that personal property located within

particularly described business or commercial premises is subject to

ad valorem taxation, but not listed or assessed for ad valorem

taxation as required by law.

Added by Laws 1988, c. 162, § 65, eff. Jan. 1, 1992. Amended by Laws

1989, c. 152, § 8, eff. Jan. 1, 1992.