Oklahoma (Summary)
Last Updated: March 2020
Tax Type: Current Use Tax (based on agricultural use)
Description: For purposes of the assessment of Oklahoma real property tax, managed timberland used for the cultivation of timber should be classified at its fair cash value for that use.
Law Okla. Stat. § 68-2817
Principal Forest Property Tax Incentive Program:
Program name: General property tax program (agricultural land)
Objective:
Program Requirements
Min/Max Acreage: Not specified
Min. Stocking Growth: Not specified
Forest Management Plan:Not specified
Duration of Enrollment: N/A
Penalties for Use Change: Not specified
Program Administration
State: The Oklahoma Tax Commission is responsible for the promulgation of rules for the current use valuation of real property. State Board of Equalization adopts the rules.
County Tax Assessor and Commissioner: Follow the agricultural current use valuation rules
University: N/A
Landowner: N/A
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