- Oklahoma State Board of Equalization
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Oklahoma State Board of Equalization 
Great Seal of Oklahoma Agency overview Formed 1907 Headquarters Oklahoma State Capitol
Oklahoma City, OklahomaMinisters responsible Brad Henry, Chair of the Board
Scott Meacham, Secretary of Finance and RevenueAgency executive Steve Burrage, Secretary of the Board The Oklahoma State Board of Equalization is an agency of the state of Oklahoma that is responsible for tax administration. The Board is responsible for adjusting and equalizing the valuation of real and personal property of the several counties of Oklahoma. Board is also responsible for providing an estimate of all revenue that will be available for appropriation by the Oklahoma Legislature for the coming fiscal year.
The State Board of Equalization was established in 1907 by ratification of the Oklahoma Constitution.
Contents
Leadership
The State Board of Equalization is under the leadership of the Governor of Oklahoma, the Oklahoma State Auditor and Inspector and the Secretary of Finance and Revenue.
Composition
As established by Article 10 of the Oklahoma Constitution, the Board was composed of seven elected officials. Following an amendment to the Constitution in 1975, the Board now consists of six elected officials and one appointed official, with all members serving as ex officio members.
As of 2009, the current membership of the Board is as follows:
- Governor of Oklahoma Brad Henry - Chairman
- Lieutenant Governor of Oklahoma Jari Askins - Vice Chair
- Oklahoma State Auditor and Inspector Steve Burrage - Secretary
- State Treasurer of Oklahoma Scott Meacham
- Attorney General of Oklahoma Drew Edmondson
- Oklahoma Superintendent of Public Instruction Sandy Garrett
- President of the Board of Agriculture Terry Peach
Functions
On December 1 of each year, or the first working day thereafter, the Board must equalize the taxable real and personal property value of the several counties for the purpose of tax assessment by the county assessors. This is done by deteremined the ratio of the aggregate assessed value of the county to the fair cash value of the county. The Board also examines the various county assessments to equalize, correct and adjust the them as between and within the counties. The Board is responsible for determine the assessment ratio for all air carrier, railroad, and public service corpoeration property in the state.
The Board is responsible for providing an estimate of all revenue that will be available for appropriation by the Oklahoma Legislature for the coming year fiscal year. The Governor, through the Oklahoma Office of State Finance, then uses that estimate to prepare and submit the State's annual budget for approval by the Legislature.
See also
External links
- Oklahoma Office of State Finance official website - provides eGov support to the Board
State finance agencies of OklahomaGovernor of Oklahoma
State Treasurer • State Auditor and Inspector • Insurance Commissioner
Secretary of Finance and Revenue
Board of Equalization • Capitol Improvement Authority • Commissioners of the Land Office • Department of Consumer Credit • Department of Insurance • Department of Securities • Office of State Finance • Pension Commission • Tax Commission • State Banking Department • State Bond Advisor
Public Pension Funds
Firefighters Pension and Retirement System • Law Enforcement Retirement System • Public Employees Retirement System • Police Pension and Retirement System • Teachers' Retirement System
Categories:- State agencies of Oklahoma
- Oklahoma stubs
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