Revenue and taxation; ad valorem tax; inspections; technology; effective date.
Impact
The amended law will necessitate that each county assessor maintains comprehensive records of property details and utilizes advanced imaging technologies to provide accurate appraisals. This will include the collection and documentation of property characteristics such as ownership, use category, and physical descriptions. The bill emphasizes the importance of up-to-date cadastral maps and a robust parcel identification system to ensure uniformity across counties. By upgrading the inspection process, it aims to improve the reliability of real property valuations and the associated ad valorem tax assessments.
Summary
House Bill 2397 introduces amendments to the existing Oklahoma state laws regarding the inspection of real property. The bill allows county assessors to utilize modern technology, including oblique imagery and high-resolution street-level imagery, to conduct property inspections. This legislation aims to streamline the property valuation process by enhancing inspection accuracy and efficiency while ensuring that assessments are conducted fairly and consistently across counties in Oklahoma.
Contention
While proponents of HB2397 argue that the bill will greatly enhance the efficiency and fairness of property evaluations, there may be concerns from local assessors regarding the financial burden of upgrading technology and training staff. Additionally, there may be apprehensions about data privacy and the security of sensitive information gathered through these new technological methods. Stakeholders may debate the balance between adopting innovative approaches to property assessment and ensuring that all property owners are fairly treated and informed of how their data is utilized.