Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 710. Oklahoma Tax Commission |
Chapter 10. AD Valorem |
Subchapter 6. Storm Shelter Exemption |
SECTION 710:10-6-4. Ownership
Latest version.
- In any case where title is proffered by warranty deed, quit claim deed, tax deed, sheriff's deed, or by similar evidence of title, the assessor and county board of equalization shall assume that the person or entity for whom application is made is the actual owner of the property. A person who purchases property by a contract for sale, or contract for deed, on or before January 1, and who is designated as the purchaser in proper documents filed of record in the County Clerk's office on or before February 1, is entitled to the exemption. Refer to OAC 710:10-5-6 for additional ownership clarification.