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Oklahoma County Assessor
Farm Personal Property
Questions and Answers
on Filing Farm Livestock and Equipment
Is farm equipment taxable as personal property?
Yes. All farm
equipment which is located in the state of Oklahoma, shall be listed and assessed as other
personal property in the county which the equipment is located as of January 1st of each year. Livestock is no longer taxable in Oklahoma County. The following are
examples of taxable farm equipment:
| Fuel
Powered |
Other Equipment |
| Tractors |
Box Blades |
Brush Hogs |
| Swathers |
Discs |
Cultivators |
| Combines |
Balers |
How do I apply for a farm exemption permit?
When listing your farm equipment with the County Assessor between January 1st - March 15th of each year, the County Assessor will fill out a farm exemption permit form provided
by the Oklahoma Tax Commission. Livestock, although not taxable in Oklahoma County must be
listed along with equipment. This information will be transferred in triplicate onto the
Tax Commission exemption permit form, one copy is retained, one is sent to the Oklahoma
Tax Commission and one is sent to the taxpayer for their records.
How does it benefit me applying for this Exemption
permit?
The benefit to filling for this permit is not having to pay sales
tax on farm supplies, equipment and fuel which is purchased for use on the farm.
How many acres must I farm to be considered eligible for the
exemption permit?
If the land is being actively farmed, there is no restriction on the
number of acres that you are farming. For assessor purposes however, in order for your
land to be classified as agricultural, it must be at least 20 acres.
Am I required to list my farm assets with the Assessors
office if I am not interested in the farm permit exemption?
Yes. By Oklahoma statute, the taxpayer
is required to list all farm personal property with the County Assessor by March 15 of
each year. After March 15, the listing is delinquent and a penalty
of 10% of the assessed valuation is added. After
April 15, a penalty of 20% of assessed valuation is added. If no listing takes place, an arbitrary
value will be applied to the taxpayer account.
Download
Farm Personal rendition form.
 E-Mail Farm Personal
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