Oklahoma 2022 Regular Session

Oklahoma Senate Bill SB1117 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	ENGR. S. B. NO. 1117 Page 1 1
	3	+	SENATE FLOOR VERSION - SB1117 SFLR Page 1
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28		-	ENGROSSED SENATE
29		-	BILL NO. 1117 By: Stanley of the Senate
	29	+	SENATE FLOOR VERSION
	30	+	February 17, 2022
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	32	+
	33	+	SENATE BILL NO. 1117 By: Stanley of the Senate
30	34
31	35		and
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33	37		Manger of the House
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38	43		An Act relating to inspection of real property ;
39	44		amending 68 O.S. 2021, Section 2821, which relates to
40	45		physical inspection o f certain real property;
41	46		allowing county assessors to use technology to
42	47		inspect properties; and providing an effective date.
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48	53		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
49	54		SECTION 1. AMENDATORY 68 O.S. 2021, Se ction 2821, is
50	55		amended to read as follows:
51	56		Section 2821. A. Each county assessor shall cause real
52	57		property to be physically inspected by physical inspection, or by
53	58		inspection using available change detection technique s or software
54	59		using oblique imagery, ortho-imagery, or high resolution street
55	60		level imagery, as part of the visual inspection cycle and shall
56	61		require such examination as will provide adequate data from which to
57	62		make accurate valuations.
58	63		B. The information gathered from the physical inspection shall
59	64		be relevant to the type of property involved, its use category, the
60		-	valuation methodology to be used for the property, whether the
61		-	methodology consists of the cost approach, an income and expense
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63		-	ENGR. S. B. NO. 1117 Page 2 1
	66	+	SENATE FLOOR VERSION - SB1117 SFLR Page 2
	67	+	(Bold face denotes Committee Amendments) 1
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	92	+	valuation methodology to be used for the property, whether the
	93	+	methodology consists of the cost approach, an income and expense
88	94		approach or sales comparison approach, and shall be complete enough
89	95		in order to establish the fair cash value of the property in
90	96		accordance with accepted standards for mass appraisal practice.
91	97		C. Information gathered during the physical inspection shall be
92	98		recorded using a standard method as prescribed by the Oklahoma Tax
93	99		Commission in computerized or noncomputerized form. The information
94	100		may include property ownership, location, size, use, use category, a
95	101		physical description of the land and improvements or such other
96	102		information as may be required.
97	103		D. In order to conduct the visual inspections of real property
98	104		during the four-year cycle, each county assessor shall acquire and
99	105		maintain cadastral maps and a parcel identification system. The
100	106		standards for the cadastral maps and the parcel identification
101	107		system shall be uniform for each county of the state and shall be in
102	108		such form as developed by the Ad Valorem Task Force.
103	109		E. The county assessor shall maintain a comprehensive sales
104	110		file for each parcel of real property within the county containing
105	111		relevant property characteristics, sales price information,
106	112		adjustments to sales price for purposes of cash equivalency,
107	113		transaction terms and such other information as may be required in
108	114		order to establish the fair cash value of taxable real property.
109		-	Each county assessor shall ensure that the office is equipped
110		-	with adequate drafting facilities, tools, equipment and supplies in
111		-	order to produce or update maps, sketches or drawings necessary to
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113		-	ENGR. S. B. NO. 1117 Page 3 1
	116	+	SENATE FLOOR VERSION - SB1117 SFLR Page 3
	117	+	(Bold face denotes Committee Amendments) 1
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	142	+	Each county assessor shall ensure that the office is equipped
	143	+	with adequate drafting facilities, tools, equipment and supplies in
	144	+	order to produce or update maps, sketches or drawings necessary to
138	145		support the proper administratio n of the ad valorem tax and such
139	146		other tools or equipment as may be required to perform duties
140	147		imposed by law for the discovery and valuation of taxable property.
141	148		SECTION 2. This act shall become effective November 1, 2022.
142		-	Passed the Senate the 28th day of February, 2022.
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146		-	Presiding Officer of the Senat e
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149		-	Passed the House of Representatives the ____ day of __________,
150		-	2022.
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154		-	Presiding Officer of the House
155		-	of Representatives
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	149	+	COMMITTEE REPORT BY: COMMITTEE ON GENERAL GOVERNMENT
	150	+	February 17, 2022 - DO PASS