SB 480 Summary

• Amends 68 O.S. 2011, Section 2823 to modify cost apportionment for comprehensive visual property inspection and physical personal property inspection programs.

• Excludes school district sinking funds from cost apportionment calculations, requiring the county excise board or county budget board to apportion costs only among counties, cities, towns, school districts' general funds, other sinking funds, and specified jurisdictions based on their previous year's mill rate tax collection ratios.

• Prohibits inclusion of county assessor salary in inspection program costs and restricts shared expenses (salaries, benefits, supplies, equipment) to prorated amounts only when directly attributable to the inspection programs.

• Requires county assessors to provide detailed billing statements to all jurisdictions receiving ad valorem mill rate revenues, including current fiscal year charges, mill rates, proportions, budget information, and descriptions of areas to be inspected.

• Charges are due and payable by December 31 of the current fiscal year, with the effective date of November 1, 2017.