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Volume XXI, Issue VI June 2012 The mission of the Ad Valorem Division of the Oklahoma Tax Commission is to promote an ad valorem property tax system which is fair and equitable to all taxpayers by implementing standard valuation methodology, tax law conformity, and assessment administration compliance. Oklahoma Ad Valorem F O R U M “IAAO Zangerle Award Winner: 1997 and 2010” Director’s Notes: Thunder Mania has hit the state with the Thunder basketball team in the NBA Finals. We’ve had some staff wearing more blue than ordinary, and I heard several comments at 4-C about everyone’s take on the game. It is nice to have everyone on the same side instead of divided on things like OSU-OU rivalry. The State Board of Equalization was held Monday, June 18, 2012 with all abstracts except Adair approved. At the meeting Gary Jones, State Auditor, expressed the need to stress timely submission of abstracts. The Ad Valorem Division will meet with the County Assessors Association on the issue of amended abstracts. The Board held Caddo County and Sequoyah County at Category 2 noncompliance. As I indicated at the Board meeting, we felt that both counties have been working hard and making substantial progress, but there are still some major elements left to complete. The State Board also established the fair cash value for airlines, railroads, and public service corporations for 2012. The Public Service Section worked really hard over the last few months to value some 249 companies for this year. As you know after Board certification and the State Auditor and Inspector mail-out, the protest period of twenty days will begin. We told the State Board members that the Ad Valorem Division is working hard on the “test” audit and will report its findings to the State Board at the December 2012 meeting. It will be a busy meeting because we will be presenting both our regular audits on annual valuation and equalization as well as the new “test” audit. It should certainly make for a busy fall. We enjoyed seeing everyone at the district meetings. Please thank the district chairs for all their work; I thought this year’s district meetings were really well done. Finally, we appreciate all you do for your taxpayers and all the dedicated work of county assessors and deputies across the state. It’s not an easy job, but ad valorem is an extremely important part of local government in Oklahoma. One of the major challenges that county assessors face today is explaining the system to people who are not familiar with ad valorem or who have pre-conceived notions about the system. Explaining things to people not familiar with ad valorem is a great chance to re-think things. The old answer regarding ad valorem “We do it that way because it’s always been done that way” doesn’t always work. Most of the time, there are some excellent reasons why something is done the way it is. Sometimes, however, there are some reasons for change. We’re all working to pass the system on better than it was given to us. Sincerely, Jeff Spelman, CAE Director, Ad Valorem Division
Object Description
Okla State Agency |
Tax Commission, Oklahoma |
Okla Agency Code |
'695' |
Title | Oklahoma ad valorem forum, 06/2012, v.21 no.6 |
Authors |
Oklahoma. Ad Valorem Tax Division. |
Publication Date | 2012-06 |
Publication type |
Newsletter |
Purpose | "A Mapping Minute" with Troy Frazier; "AC" Committee June Meeting; OTC Sixty-Eighth Annual Educational Conference for Assessing Officers "Passport to Knowledge"; Taxes by Edgar A. Guest; Focus on Haskell County; |
For all issues click |
T500.6 A189f |
Digital Format | PDF, Adobe Reader required |
ODL electronic copy | Downloaded from agency website: http://www.tax.ok.gov/advform/avfJune12.pdf |
Rights and Permissions | This Oklahoma state government publication is provided for educational purposes under U.S. copyright law. Other usage requires permission of copyright holders. |
Language | English |
Date created | 2012-06-29 |
Date modified | 2012-06-29 |
OCLC number | 890219355 |
Description
Title | avfJune12 1 |
Full text | Volume XXI, Issue VI June 2012 The mission of the Ad Valorem Division of the Oklahoma Tax Commission is to promote an ad valorem property tax system which is fair and equitable to all taxpayers by implementing standard valuation methodology, tax law conformity, and assessment administration compliance. Oklahoma Ad Valorem F O R U M “IAAO Zangerle Award Winner: 1997 and 2010” Director’s Notes: Thunder Mania has hit the state with the Thunder basketball team in the NBA Finals. We’ve had some staff wearing more blue than ordinary, and I heard several comments at 4-C about everyone’s take on the game. It is nice to have everyone on the same side instead of divided on things like OSU-OU rivalry. The State Board of Equalization was held Monday, June 18, 2012 with all abstracts except Adair approved. At the meeting Gary Jones, State Auditor, expressed the need to stress timely submission of abstracts. The Ad Valorem Division will meet with the County Assessors Association on the issue of amended abstracts. The Board held Caddo County and Sequoyah County at Category 2 noncompliance. As I indicated at the Board meeting, we felt that both counties have been working hard and making substantial progress, but there are still some major elements left to complete. The State Board also established the fair cash value for airlines, railroads, and public service corporations for 2012. The Public Service Section worked really hard over the last few months to value some 249 companies for this year. As you know after Board certification and the State Auditor and Inspector mail-out, the protest period of twenty days will begin. We told the State Board members that the Ad Valorem Division is working hard on the “test” audit and will report its findings to the State Board at the December 2012 meeting. It will be a busy meeting because we will be presenting both our regular audits on annual valuation and equalization as well as the new “test” audit. It should certainly make for a busy fall. We enjoyed seeing everyone at the district meetings. Please thank the district chairs for all their work; I thought this year’s district meetings were really well done. Finally, we appreciate all you do for your taxpayers and all the dedicated work of county assessors and deputies across the state. It’s not an easy job, but ad valorem is an extremely important part of local government in Oklahoma. One of the major challenges that county assessors face today is explaining the system to people who are not familiar with ad valorem or who have pre-conceived notions about the system. Explaining things to people not familiar with ad valorem is a great chance to re-think things. The old answer regarding ad valorem “We do it that way because it’s always been done that way” doesn’t always work. Most of the time, there are some excellent reasons why something is done the way it is. Sometimes, however, there are some reasons for change. We’re all working to pass the system on better than it was given to us. Sincerely, Jeff Spelman, CAE Director, Ad Valorem Division |
Date created | 2012-06-29 |
Date modified | 2012-06-29 |