{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2866","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2866","heading":"Oklahoma Tax Commission - Equalization ratio study","body":"A. For purposes of reporting to the State Board of Equalization\n\nthe ratio derived from comparing the assessed value of the real\n\nproperty of each county to the full or fair cash value of such real\n\nproperty, the Oklahoma Tax Commission shall conduct and publish an\n\nequalization ratio study for each county annually in accordance with\n\nthe requirements of this section.\n\nB. The equalization ratio study shall be conducted in a manner\n\nthat ensures:\n\n1. the ratio of assessed value to the fair cash value of\n\nproperties in a sample extracted from a county is expressed as a\n\nmedian of the ratios determined for all properties included in the\n\nsample;\n\n2. sample data gathered for purposes of establishing the fair\n\ncash value of properties within the sample relates to the applicable\n\nassessment date of the study in a manner that produces reliable\n\nratio study results;\n\n3. sample sizes of sufficient numbers to produce an estimated\n\nratio for a use category within a county or a ratio for an entire\n\ncounty at a ratio that accurately estimates the true, but unknown,\n\nassessment level;\n\n4. appraisals selected for inclusion in the ratio study are\n\nrepresentative of the use category or stratum of properties included\n\nin the sample;\n\n5. sales files containing adequate information are developed\n\nand maintained for purposes of appraisals; and\n\n6. uniformity of assessments within a use category or stratum\n\nfor a county do not exceed a coefficient of dispersion value of\n\ntwenty percent (20%).\n\nC. The Oklahoma Tax Commission shall provide for a computer\n\nsystem that permits the equalization ratio study to be conducted\n\npursuant to the requirements of this section. Such computer system\n\nshall be designed to permit monitoring and analysis of assessment\n\nperformance in the several counties and to detect noncompliance with\n\nlegal standards for valuation of taxable property in order to\n\nfulfill the duties imposed by Section 2830 of this title. The\n\nprovisions of this subsection shall not be construed to authorize\n\nthe Oklahoma Tax Commission to install a mainframe computer capable\n\nof remote monitoring of or making inputs into computers in the\n\noffices of the various county assessors.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"7d4b2ccd349641a27eebb0848ea747011a61c1726572bffb889a865efc1b8ea2","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2865","next":"us-ok/okla.-stat.-tit.-68-68-2867"},"notice":"GroundRules: Original legal text. Not legal advice."}