|Leonard Sullivan-Oklahoma County Assessor, 320 Robert S. Kerr #313, Oklahoma City, OK 73102|
How are these
The value shown represents the amount of savings that the owner benefited for the previous tax year. Without the tax savings measures in place the actual tax bill would have increased by this amount.
There may be several tax savings measures in place on
All forms for these tax savings programs are available for downloading. (Click here). The Senior Valuation Freeze is available only during the time period of Jan. 1 - Mar. 15th of each year as based upon State law.
Are you purchasing
Upon the change of ownership the account will establish a new 5% cap rate (see more information here) beginning with the full market value therefore limiting the property to a maximum taxable value increase up to but no more than 5% each taxable year. The property may be increased more than 5% if additional improvements are added to the property such as an additional structure, driveway, building, pool, room etc.