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The Oklahoma State Board of Equalization is an agency of the state of Oklahoma that is responsible for tax administration. The Board is responsible for adjusting and equalizing the valuation of real and personal property of the several counties of Oklahoma.
Every little bit helps when it comes to saving on taxes. Here's what to know about the homestead exemption in Oklahoma including manufactured housing.
Jurisdictions imposing property tax uniformly charge some official with determining value of property subject to tax by the jurisdiction. [37] This official may be an employee or contractor to the taxing government, and is generally referred to as the tax assessor in most jurisdictions. Some taxing jurisdictions may share a common tax assessor ...
Income taxes are steadily increased as a major State revenue source since 1933 when the Oklahoma Constitution was amended to prohibit State-level taxation of property. Income taxes are now the largest source of revenue for the State government, accounting for approximately 38% of total state revenue - 32% from individuals and 6% from corporations.
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The County Assessor is the core of the Oklahoma property tax system. The assessor is required to establish the market and taxable value of real and business property in the county. Each year, the assessor prepares ex assessments and submits them to the county treasurer.
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