Okla. Admin. Code § 710:10-9-21

Current through Vol. 42, No. 7, December 16, 2024

Section 710:10-9-21 - Calculation of taxes due on repossessed or relocated manufactured home

Manufactured homes valued and assessed as real property; lawful repossession. The amount of taxes due on a manufactured home being repossessed by the holder of a perfected security interest, or his agent, which is located upon real property that qualified for a homestead January 1st, or is granted prior to repossession, will be calculated as follows:

(1) The assessed valuation of the manufactured home will be determined separately and apart from the land and other improvements;

(2) The appropriate mill levy will be applied against the assessed valuation of the manufactured home to determine the taxes due;

(3) The amount of homestead value in excess of the land value or other improvements shall not be applied to the assessment of the manufactured home.

Okla. Admin. Code § 710:10-9-21

Amended at 12 Ok Reg 2603, eff 6-26-95; Amended at 15 Ok Reg 3451, eff 7-11-98; Amended at 19 Ok Reg 1205, eff 5-11-02