{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-864","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-864","heading":"Adjustment in school State Aid","body":"In those cases where the net assessed valuation of the real\n\nproperty within a school district increases as a result of the\n\nprovisions of Sections 860 and 861 of this title, the school\n\ndistrict's State Aid shall be determined by subtracting such\n\nincrease in the net assessed valuation from the assessed valuation\n\nof the school district and the state. Such increase shall be\n\nsubtracted for each fiscal year during which the incentives or\n\nexemptions are granted in the case of property within an incentive\n\ndistrict or such increase shall be subtracted for each fiscal year\n\nthe increment is captured in the case of property within an\n\nincrement district. The increase in net assessed valuation\n\nsubtracted, in the case of property within an increment district,\n\nshall be the amount that represents that portion of the increment\n\nwhich is captured and which is actually used for the purposes of\n\nthis act.","path":["OK Code","Title 62"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os62.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"690ce2e0f06c2b15d6c6a9d88cb3353a4e60b76bd5124a87be2495cea7a79c88","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-863","next":"us-ok/okla.-stat.-tit.-62-62-865"},"notice":"GroundRules: Original legal text. Not legal advice."}