Oklahoma § 68-2867 - Abstract of assessments

§ 68-2867. Abstract of assessments

A. As soon as practicable after the assessment rolls are

corrected and adjusted by the county board of equalization through

the first Monday in June, the county assessor shall make out an

abstract thereof, containing the total amount of property listed

under the various classifications appearing on the blank forms for

the listing and assessment of property, and the total value of each

class, and it shall be the mandatory duty of the county assessor

under the penalties as outlined pursuant to Section 2943 of this

title, to transmit this abstract to the Oklahoma Tax Commission not

later than June 15 of each year or the first working day thereafter,

unless delayed by court action or other causes beyond his control.

B. It is hereby specifically provided that where any county

assessor fails to comply with the provisions of this section by the

time herein required, the Oklahoma Tax Commission shall immediately

Oklahoma Statutes - Title 68. Revenue and Taxation

notify the chairman of the board of county commissioners and the

county clerk of such county and neither such county assessor nor any

of his deputies or employees shall be paid any remuneration,

compensation or salary for the month of June and each succeeding

month thereafter until such abstract is transmitted to the Oklahoma

Tax Commission. This penalty provision shall be cumulative to the

penalty provisions and requirements of Section 2943 of this title.

C. It shall be the duty of the Oklahoma Tax Commission to

furnish the necessary forms for such abstract, which forms shall be

subject to approval by the State Auditor and Inspector.

D. Within ten (10) days after the county assessor of each

county receives from the State Board of Equalization the

certificates of assessment of all railroads, air carriers and public

service corporations, and the equalized value of real and personal

property of such county, it shall be the duty of the county assessor

to prepare and file with the county excise board an abstract of the

assessed valuations of the county and each municipal subdivision

thereof as shown by his records through that date; and said abstract

shall show separately the valuations of all personal property, real

property, railroad and air carrier property and public service

corporation property, in each municipality, and shall be properly

totaled and balanced.

Added by Laws 1988, c. 162, § 67, eff. Jan. 1, 1992. Amended by

Laws 1995, c. 57, § 14, eff. July 1, 1995.