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FAQ
(Frequently Asked Questions)
| Q.
When do I file
for my homestead exemption?
Q: What do I need to bring to file for homestead exemption? Q: What is a Double Homestead? Q: Do I have to count Social Security as income? Q: What do I need to bring as proof of income? Q: Who can file for Refund or 538-H Circuit Breaker? Q: What is the Senior Property Valuation Limitation? Q.
If
I place my property into a trust, do I need to re-file my Q.
What do I need to
do if I buy, sell, or need to move a Q:
How can I find a property owner's name and address and
Q: Should
I let the Assessor's Office know my house was Q: How
do I find out the physical characteristics of a house Q: I
believe there is an error in the information you have on my Q: I
am looking at purchasing a new home. Can you tell me Q: What is a "Change of Assessment" notice? Q: My
neighbors received a "Change of Assessment" notice Q:
When
I received my "Change of Assessment" notice, it had
Last Modified 10/07/09 When do I file for my homestead exemption? Top You may file
in person, any weekday from 8:30 AM to 5:00 PM, excluding
holidays, at the Tulsa County Assessor's Office, Administration
Bldg., Room 215, 500 S. Denver, Tulsa, OK 74103. Please refer
to the Community Outreach Events Program and Calendar for a list of times and places applications will
be accepted in addition to applying at the Assessor's Office.
Tulsa County Assessor What do I need to bring to file for homestead exemption? Top It will save
you time if you bring a copy of the recorded property deed when
filing in person, however it is not necessary. Anyone who has
a gross household income of $20,000 or less can file for Double
Homestead. Annual Filing is required for Double Homestead
for anyone under 65 years of age. Assessor's Office, 2nd floor,
Administration Bldg., Tulsa County Court House, 500 S. Denver. Phone:(918) 596-5143 Do I have to count Social Security as income? Top Yes, all sources of income must be counted whether it is taxable or non-taxable. This includes Social Security and any public assistance, including food stamps, alimony, child support, public housing. What do I need to bring as proof of income? Top All 1099 Forms and W2's from the last calendar year. Who can file for Refund or 538-H Circuit Breaker? Top Any person 65
years of age or older or any totally disabled person who is the
head of household, a resident of and domiciled in this state during
the entire preceding calendar year, and whose gross household income
does not exceed $12,000, may file. Please bring proof of disability,
if under 65, and all 1099's and W-2's from previous year when filing
in person. What is the Senior Property Valuation Limitation? Top This "Limitation"
prevents the taxable value from increasing on The Limitation
will take effect for the taxable year in which the application is
made and approved. The application must be made between January
1 and March 15 or within 30 days from the date issued on the "Notice
of Change in Assessed Value of Real Estate". Assessor's
Office, Administration Bldg., Room 215, Tulsa County Court
House, 500 S. Denver. Phone:(918) 596-5143 If
I place my property into a trust, do I need to re-file my Typically, no. However, depending on the wording and the terms of the trust it can result in the termination of your homestead. Please call the Homestead Department at (918) 596-5143 for specific information. What
do I need to do if I buy, sell, or need to
move a
Top
To move or change ownership, a 936-R Form must be obtained from the County Assessor in the county where the manufactured home is located. Please call the Manufactured Home Department at (918) 596-5142 or (918) 596-5146 any weekday from 8:30 am - 5:00 pm, excluding holidays, for specific requirements. How
can I find a property owner's name and
address
Top
The Title Research
Department (918) 596-5122 or the Real Estate Department (918) 596-5166
can find this information for you. Should
I let the Assessor's Office know my house
was
Top
Yes, anytime your property has fire, flood, or storm damage you should call and inform us and if possible furnish reports dealing with property value lost, such as Fire Marshall or insurance reports. If the damage occurs in the current year and we receive information from you by May 1, your property value can be adjusted for the current tax year. If we receive information after May 1, your property value will be based on the status of your property as of next January 1st, the next tax year. How
do I find out the physical characteristics of a
Top
The Real Estate Department at (918) 596-5166 can help you. Please supply the property address so information can be looked up in our system. I
believe there is an error in the information you have
Top Please call the
Real Estate Department and inform us what the error may be.
We will assign a field person to inspect your property and correct
any error that may be found. If the correction affects the
taxable value of your property, your account will be taken
to the Correction Board for the current year and depending on the
length I
am looking at purchasing a new home. Can you tell
Top Formula: Taxable Value
* .11 = Taxable Assessed Value Net Taxable Assessed Value * (Tax Rate / 1000) = Estimated Tax Example: John Doe paid
$100,000 for his house. $100,000 * .11 = $11,000 John Doe files for regular homestead. $11,000 - $1,000 = $10,000 John Doe lives in the Tulsa Public School District. That tax rate for 2000 is $121.78 per $1000 of assessed value. $10,000 * (121.78 / 1000) = $1,217.80 $1,217 is the
estimated taxes due for 2001. Around the middle of October,
when the new tax rates are released, we can tell you how much your
taxes will be. We would recommend the taxpayer verify this
amount with the Treasurer's Office to be sure there are no special
assessments due. What is a "Change of Assessment" notice? Top Whenever the assessed value of a property increases, a Change of Assessment Notice is mailed to the property owner. The owner has 20 working days from the date on the notice to file a protest. My
neighbors received a "Change of Assessment"
Top Notices are only mailed if there is an increase in the assessed value of a property. If the value stayed the same or went down, a notice would not be mailed. How do I file a protest? Top You may call our office at (918) 596-5166 to request a protest form be mailed to you, you can come into our office to fill out the form, or you can download the form here and mail it into our office. After receiving your protest form our office will contact you to schedule your hearing. When
I received my "Change of Assessment"
Top Market Value is the value the property would sell for in an open market between a willing seller and a willing buyer. These sales are used to arrive at the market value of similar properties. It requires the reconciliation of differences among the various properties that have sold and the properties being appraised. Taxable Value is the value the assessment will be based on. The Taxable Value cannot increase more than 5% over last year's Taxable Value unless the title is transferred and/or new improvements are made to the property. The Taxable Value may or may not equal the Market Value. Assessed Value is currently 11% of the Taxable Value of the property. The Net Assessed Value (Value after any exemption is applied) is used to calculate the tax bill. Example: Tax Yr
Market Value Taxable
Value Assessed Value 1995 $80,000 $80,000 $8,800 1996 $88,800 (11% of increase) $84,000 (5% increase) $9,240 1997 $88,800 (no change) $88,200 (5% increase) $9,702 1998 $88,800 (no change) $88,800 (less than 5%) $9,768
For more information about Properties, please contact:
Ken Yazel |