1| STATE OF OKLAHOMA | | | 2| 1st Session of the 59th Legislature (2023) | | | 3|HOUSE BILL 2397 By: Kannady | | | 4| | | | 5| | | | 6| AS INTRODUCED | | | 7| An Act relating to inspection of real property; | | amending 68 O.S. 2021, Section 2821, which relates to | 8| physical inspection of certain real property; | | allowing county assessors to use technology to | 9| inspect properties; and providing an effective date. | | | 10| | | | 11| | | | 12|BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: | | | 13| SECTION 1. AMENDATORY 68 O.S. 2021, Section 2821, is | | | 14|amended to read as follows: | | | 15| Section 2821. A. Each county assessor shall cause real | | | 16|property to bephysicallyinspected by physical inspection, or by | | | 17|inspection using available change detection techniques or software | | | 18|using oblique imagery, ortho-imagery, or high resolution street | | | 19|level imagery, as part of the visual inspection cycle and shall | | | 20|require such examination as will provide adequate data from which to | | | 21|make accurate valuations. | | | 22| B. The information gathered from the physical inspection shall | | | 23|be relevant to the type of property involved, its use category, the | | | 24|valuation methodology to be used for the property, whether the | | | Req. No. 5389 Page 1 ___________________________________________________________________________
1|methodology consists of the cost approach, an income and expense | | | 2|approach or sales comparison approach, and shall be complete enough | | | 3|in order to establish the fair cash value of the property in | | | 4|accordance with accepted standards for mass appraisal practice. | | | 5| C. Information gathered during the physical inspection shall be | | | 6|recorded using a standard method as prescribed by the Oklahoma Tax | | | 7|Commission in computerized or noncomputerized form. The information | | | 8|may include property ownership, location, size, use, use category, a | | | 9|physical description of the land and improvements or such other | | | 10|information as may be required. | | | 11| D. In order to conduct the visual inspections of real property | | | 12|during the four-year cycle, each county assessor shall acquire and | | | 13|maintain cadastral maps and a parcel identification system. The | | | 14|standards for the cadastral maps and the parcel identification | | | 15|system shall be uniform for each county of the state and shall be in | | | 16|such form as developed by the Ad Valorem Task Force. | | | 17| E. The county assessor shall maintain a comprehensive sales | | | 18|file for each parcel of real property within the county containing | | | 19|relevant property characteristics, sales price information, | | | 20|adjustments to sales price for purposes of cash equivalency, | | | 21|transaction terms and such other information as may be required in | | | 22|order to establish the fair cash value of taxable real property. | | | 23| Each county assessor shall ensure that the office is equipped | | | 24|with adequate drafting facilities, tools, equipment and supplies in | | | Req. No. 5389 Page 2 ___________________________________________________________________________
1|order to produce or update maps, sketches or drawings necessary to | | | 2|support the proper administration of the ad valorem tax and such | | | 3|other tools or equipment as may be required to perform duties | | | 4|imposed by law for the discovery and valuation of taxable property. | | | 5| SECTION 2. This act shall become effective November 1, 2023. | | | 6| | | | 7| 59-1-5389 MAH 01/18/23 | | | 8| | | | 9| | | | 10| | | | 11| | | | 12| | | | 13| | | | 14| | | | 15| | | | 16| | | | 17| | | | 18| | | | 19| | | | 20| | | | 21| | | | 22| | | | 23| | | | 24| | | | Req. No. 5389 Page 3