1| SENATE FLOOR VERSION | | February 23, 2023 | 2| | | | 3|SENATE BILL NO. 684 By: Stanley of the Senate | | | 4| and | | | 5| Kannady of the House | | | 6| | | | 7| | | | 8| An Act relating to inspection of real property; | | amending 68 O.S. 2021, Section 2821, which relates to | 9| physical inspection of certain real property; | | allowing county assessors to use certain technology | 10| to inspect properties; and providing an effective | | date. | 11| | | | 12| | | | 13|BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: | | | 14| SECTION 1. AMENDATORY 68 O.S. 2021, Section 2821, is | | | 15|amended to read as follows: | | | 16| Section 2821. A. Each county assessor shall cause real | | | 17|property to be physically inspected as part of the visual inspection | | | 18|cycle and shall require such examination as will provide adequate | | | 19|data from which to make accurate valuations. After the initial | | | 20|physical inspection of property, changes to property may be | | | 21|discovered with the use of digital aerial images taken by fixed-wing | | | 22|aircraft complying with Federal Aviation Administration regulations. | | | 23| B. The information gathered from the physical inspection shall | | | 24|be relevant to the type of property involved, its use category, the | | | arsid7432297 SENATE FLOOR VERSION - SB684 SFLR Page 1 ___________________________________________________________________________
1|valuation methodology to be used for the property, whether the | | | 2|methodology consists of the cost approach, an income and expense | | | 3|approach or sales comparison approach, and shall be complete enough | | | 4|in order to establish the fair cash value of the property in | | | 5|accordance with accepted standards for mass appraisal practice. | | | 6| C. Information gathered during the physical inspection shall be | | | 7|recorded using a standard method as prescribed by the Oklahoma Tax | | | 8|Commission in computerized or noncomputerized form. The information | | | 9|may include property ownership, location, size, use, use category, a | | | 10|physical description of the land and improvements or such other | | | 11|information as may be required. | | | 12| D. In order to conduct the visual inspections of real property | | | 13|during the four-year cycle, each county assessor shall acquire and | | | 14|maintain cadastral maps and a parcel identification system. The | | | 15|standards for the cadastral maps and the parcel identification | | | 16|system shall be uniform for each county of the state and shall be in | | | 17|such form as developed by the Ad Valorem Task Force. | | | 18| E. The county assessor shall maintain a comprehensive sales | | | 19|file for each parcel of real property within the county containing | | | 20|relevant property characteristics, sales price information, | | | 21|adjustments to sales price for purposes of cash equivalency, | | | 22|transaction terms and such other information as may be required in | | | 23|order to establish the fair cash value of taxable real property. | | | 24| | | | arsid7432297 SENATE FLOOR VERSION - SB684 SFLR Page 2 ___________________________________________________________________________
1| Each county assessor shall ensure that the office is equipped | | | 2|with adequate drafting facilities, tools, equipment and supplies in | | | 3|order to produce or update maps, sketches or drawings necessary to | | | 4|support the proper administration of the ad valorem tax and such | | | 5|other tools or equipment as may be required to perform duties | | | 6|imposed by law for the discovery and valuation of taxable property. | | | 7| SECTION 2. This act shall become effective November 1, 2023. | | | 8|COMMITTEE REPORT BY: COMMITTEE ON GENERAL GOVERNMENT | |February 23, 2023 - DO PASS | 9| | | | 10| | | | 11| | | | 12| | | | 13| | | | 14| | | | 15| | | | 16| | | | 17| | | | 18| | | | 19| | | | 20| | | | 21| | | | 22| | | | 23| | | | 24| | | | arsid7432297 SENATE FLOOR VERSION - SB684 SFLR Page 3