The Norman Transcript

Election Coverage

September 16, 2012

SQ 758 limits collection of property tax

NORMAN — Two of the six state questions on November’s ballot deal with ad valorem or property tax issues. State Question 758 would apply to all property taxes. If approved, the measure would limit annual increases in property taxes to 3 percent. The current cap is at 5 percent.

Educators are concerned about the impact that these ad valorem bills would have on school funding.

“I think the capping of ad valorem — which is an important local revenue to the district — is significant, but it is really significant in the light of all of the other revenue shortfalls we’re experiencing,” said Norman Schools Superintendent Joe Siano.

“My real concern is if you take the state question on the ad valorem cap and you add the state question on intangible value, and you add on what appears to be a very dedicated movement toward eliminating or reducing the state income tax, we seem to be creating a significant revenue hole without hearing any options of how that hole is going to be filled.”


How is property value determined?

Ad valorem taxes are based on the fair cash value of property. Under state law, the county assessor’s staff must do a physical inspection of property every four years. The Oklahoma Tax Commission requires each county to set up a plan for these inspections, according to Cleveland County Assessor David Tinsley.

To accomplish this, the county is divided into quadrants, and one quadrant is inspected each year. In addition to the physical inspections, the assessor’s office re-examines the market annually.

“We look at the market by analysis every year,” Tinsley said.

That analysis includes the prices of similar properties sold in the same area.


How will SQ 758 change collections?

SQ 758 will not affect the market value assessment of properties, but it will affect how much tax can be collected on property each year.

Text Only | Photo Reprints
Election Coverage
  • Election logo.jpg Editor’s note

    Look here for an ongoing series of stories exploring the six state questions and the local candidate races on the Nov. 6 ballot. Additional stories will be coming weekly until the election.

    September 28, 2012 1 Photo

  • Stiles, Aaron.jpg Stiles retains seat by 18 votes; provisional ballots still in play

    Incumbent House member Aaron Stiles will retain his east Norman seat, according to complete, but unofficial returns from state House District 45 showed early today.

    November 7, 2012 1 Photo

  • Warren 2012 Americans face prospect of status quo Congress

    A barrage of negative ads, more than $2 billion in spending and endless campaign stops all come down to this: Americans likely will ...

    November 7, 2012 1 Photo

  • Voters must show ID

    Oklahoma’s proof of identity law was approved by voters in 2010. It passed with 74 percent of votes cast. The law requires every voter who votes in person at the precinct polling place or during early voting at the Cleveland County ...

    November 5, 2012

  • EarlyVote3 Review of state questions

    What does a ‘yes,’ ‘no’ vote mean? With six state questions on the ballot, voters will have a lot of information to remember when they enter the polls. In an effort to inform and educate voters on the upcoming elections, The Transcript has ...

    November 5, 2012 1 Photo

  • Election day Tuesday

    Polls will be open from 7 a.m. to 7 p.m. on Tuesday for the General Election. Jim Williams, Secretary of the Cleveland County Election Board, offered voters some tips on how to make votes count....

    November 3, 2012

  • Election logo.jpg Early voting starts today

    Early voting starts at 8 a.m. today at the Cleveland County Election Board, 641 E. Robinson St., Suite 200 in Norman. Because this is a federal as well as state and local election, office hours are extended until 6 p.m. today for anyone ...

    November 2, 2012 1 Photo

  • Chamber apologizes for sending Switzer letter

    Couple says they didn’t authorize, sign off on letter A letter to the editor supporting State Question 766 — purportedly written by Barry and Becky Switzer of Norman — was not authorized by them and should not have been published in ...

    November 1, 2012

  • Two in county sheriff’s race

    There was some early confusion over whether Oklahoma Republican Rep. Mike Reynolds was running for Cleveland County Sheriff because he shares the same name with a Moore business owner....

    November 1, 2012

  • ID required to vote in election

    Oklahoma’s proof of identity law was approved by voters in 2010. It passed with 74 percent of votes cast. The law requires every voter who votes in person at the precinct polling place or during early voting at the County Election Board to ...

    November 1, 2012