OK HB1407

County assessors must provide written notice 90 days before decreasing assessment ratios on real or personal property, with certified mail sent to county treasurer, clerk, sheriff, commissioners, and local government taxing jurisdictions.

Notice must be published in a newspaper of general circulation for three consecutive weeks with the final publication at least 30 days before implementation, with a conspicuously larger header stating "NOTICE OF INTENT TO DECREASE ASSESSMENT RATIO."

At least three public meetings must be held within the county prior to any decrease, with the last meeting held no later than 30 days before implementation, with notice posted in county assessor, treasurer, commissioner, and clerk offices.

The county assessor or designee must attend each public meeting to answer questions about the proposed decrease and its effects on ad valorem taxing jurisdiction budgets.

Act becomes effective November 1, 2015.