Otc Form 921 PDF Details

Navigating the intricacies of property taxation can be daunting for homeowners, making the understanding of specific forms like the OTC 921 paramount. This form, revised as of November 2021 and pertinent to the State of Oklahoma, serves as an Application for Homestead Exemption for the tax years 2022 and 2023. Designed to be filled out by the applicant, it entails a thorough collection of personal and property-related information – including names, addresses, and legal descriptions of the premises. One of its core functions is to ascertain the eligibility of applicants for a homestead exemption based on a series of eligibility queries spanning legal residency in Oklahoma, ownership details, and the specific use of the property. Crucially, the form outlines a due date for application, stating that to qualify for a given tax year's exemption, applications must be filed by March 15 of that year, with provisions for late filings under certain conditions. Additionally, the form highlights the perpetual nature of the granted homestead exemption, provided specific conditions regarding ownership, records, and tax delinquencies are met, thereby relieving the taxpayer from the need to reapply annually. It also outlines situations that necessitate reapplication, such as changes in property ownership or usage. With penalties in place for failure to report such changes or obtaining exemptions unlawfully, the OTC 921 form embodies a critical tool in the administration of property taxes and the granting of homestead exemptions in Oklahoma, making its accurate completion and timely submission integral to the financial wellbeing of eligible homeowners.

QuestionAnswer
Form NameOtc Form 921
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other nameshome homestead form

Form Preview Example

OTC 921

Revised 11-2021

State of Oklahoma

Application for Homestead Exemption

Return to County Assessor

Tax Year

2022 2023

completed by applicant)

Part One

 

 

 

 

(to be

 

 

Applicant

Name: (Last) ______________________________ (First) __________________________ (MI) _______

Account Number:_______________________________________________________________________

Property Address: ______________________________________________________________________

Mailing Address: _______________________________________________________________________

Daytime Telephone: ( ______ ) ________________ Email Address: _____________________________

LEGAL DESCRIPTION:

School

 

 

 

District

 

 

 

 

 

 

 

PLEASE MARK THE APPROPRIATE BOX

 

 

Y

N Are you a legal resident of Oklahoma?

 

Y

N Is any portion of the property rented or leased?

 

Y

N Do you own only a partial or undivided interest?

 

Y

N Is the property held in a revocable trust?

 

Y

N Is your residence a manufactured home?

 

Y

N If a manufactured home, is the title in your name?

 

Y

N If a manufactured home, do you own the land where it is located?

 

Y

N Is any part of the described property used as commercial?

 

Y

N Do you currently, or did you in the previous year, have homestead exemption in this State?

If so, list address _________________________ , ______________ City _____________ County

List all owners who reside on property and their relationship to each other:

______________________________________________________________________________

completed by applicant)

Part Two

 

 

 

 

(to be

 

 

Ownership

PLEASE MARK THE APPROPRIATE BOX

A

Y

N Did you own this property on or before January 1 of this year?

Y

N Were you occupying this property as your place of residence on January 1 of this year?

 

 

Y

N Was or will your deed or other evidence of ownership be of record with the County

 

 

Clerk’s Office on or before February 1 of this year?

NOTE: (If today’s date is after March 15 of this year, or if you answered “no” to any question in section “A,” you may not qualify for this year’s exemption. To apply for next year’s exemption, complete section “B” of this application.

Homestead exemption cannot be approved if you do not own and occupy the subject property as your place of

Bresidence on January 1 each year the exemption is applied, including the year of application.

PLEASE MARK THE APPROPRIATE BOX

YN Do you own this property?

YN Will you, to the best of your knowledge, own and occupy this property as your place of residence January 1 of next year?

YN Will your deed or other evidence of ownership be of record with the County Clerk’s Office on or before February 1 of next year?

Part Three

Assessor

Under penalty of perjury, I the undersigned, affirm that all information provided and herein contained are true and correct to the best of my knowledge.

✍

 

 

 

Approved beginning ____ tax year.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Disapproved. Reason __________

 

 

 

 

Applicant’s Signature

Date

 

 

 

 

 

 

 

 

 

_____________________________

 

 

 

 

 

 

 

 

_____________________________

 

 

 

 

County Assessor or Deputy

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Application for Homestead Exemption - Page 2

Requirement for Homestead Exemption Applications

A.To receive a homestead exemption, a taxpayer shall be required to file an application with the county assessor. Such application may be filed at any time; provided, the county assessor shall, if such applicant otherwise qualifies, grant a homestead exemption for a tax year only if the application is filed on or before March 15 of such year or within thirty (30) days from and after receipt of notice of valuation increase. If an application for a homestead exemption is filed after March 15, the county assessor shall, if such applicant otherwise qualifies, grant the homestead exemption begin-

ning with the following tax year.

B.Any taxpayer who has been granted a homestead exemption and who continues to occupy such homestead property as a homestead, shall not be required to reapply for such homestead exemption.

C.Once granted, the homestead exemption shall remain in full force and effect for each succeeding year, so long as:

1.The record of actual property ownership is vested in the taxpayer;

2.The instrument of ownership is on record in the county clerk’s office;

3.The owner-taxpayer is in all other respects entitled by law to the homestead exemption; and

4.The taxpayer has no delinquent accounts appearing on the personal property tax lien docket in the county trea- surer’s office. On October 1st of each year, the county treasurer will provide a copy of the personal property tax

lien docket to the county assessor. Based upon the personal property tax lien docket, the county assessor shall act to cancel the homestead exemption of all property owners having delinquent personal property taxes. Such cancellation of the homestead exemption will become effective January 1 of the following year and will remain in effect for at least one (1) calendar year. However, such cancellation will not become effective January 1 of the following year if the taxpayer pays such delinquent personal property taxes prior to January 1. Cancellation of the

homestead exemption will require the county assessor to notify each taxpayer no later than January 1 of the next calendar year whose homestead is canceled and will require the taxpayer to re file an application for homestead

exemption by those dates so indicated in this section and the payment of all delinquent personal property taxes before the homestead can be reinstated.

D.Any purchaser or new owner of real property must file an application for homestead exemption as herein provided.

E.The application for homestead exemption shall be filed with the county assessor of the county in which the homestead is located. A taxpayer applying for homestead exemption shall not be required to appear before the county assessor in person to submit such application.

F.The property owner shall sign and swear to the truthfulness and correctness of the application’s contents. If the prop- erty owner is a minor or incompetent, the legal guardian shall sign and swear to the contents of the application.

G.The county assessor and duly appointed deputies are authorized and empowered to administer the required oaths.

H.The taxpayer shall notify the county assessor following any change in the use of property with homestead exemption thereon. The notice of change in homestead exemption status of property shall be in writing and may be filed with the

county assessor at any time on or before March 15 of the next following year after which such change occurs. The filing of a deed or other instrument evidencing a change of ownership or use shall constitute sufficient notice to the

county assessor.

I.Any single person of legal age married couple and their minor child or children, or the minor child or children of a deceased person, whether residing together or separated, or surviving spouse shall be allowed under this Code only one homestead exemption in the State of Oklahoma.

J.Any property owner who fails to give notice of change to the county assessor and permits the allowance of homestead exemption for any succeeding year where such homestead exemption is unlawful and improper shall owe the county treasurer:

1.An amount equal to twice the amount of the taxes lawfully due but not paid by reason of such unlawful and im- proper allowance of homestead exemption; and

2.The interest and penalty on such total sum as provided by statutes on delinquent ad valorem taxes. There shall be a lien on the property shall while such taxes are unpaid, but not for a period longer than that provided by stat- ute for other ad valorem tax liens.

K.Any person who has intentionally or knowingly permitted the unlawful and improper allowance of homestead exemp- tion shall forfeit the right to a homestead exemption on any property in this state for the two (2) succeeding years.

(Reference: Title 68, Section 2888; 2889; 2892 Oklahoma Statutes)

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This PDF requires specific data to be entered, thus you should take some time to enter precisely what is requested:

1. The Otc Form 921 will require specific information to be entered. Be sure that the next fields are complete:

Otc Form 921 conclusion process clarified (stage 1)

2. Once your current task is complete, take the next step – fill out all of these fields - N Y N Y Y N Y N Y N Y N Y N Y N Y N, Are you a legal resident of, If so list address City County, List all owners who reside on, PLEASE MARK THE APPROPRIATE BOX, Y N, Did you own this property on or, Y N, Were you occupying this property, Y N, Was or will your deed or other, NOTE, If todays date is after March of, Homestead exemption cannot be, and PLEASE MARK THE APPROPRIATE BOX with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Otc Form 921 completion process detailed (portion 2)

3. The next stage is normally simple - fill in all the empty fields in Y N, Will you to the best of your, e e r h T t r a P, r o s s e s s A, Under penalty of perjury I the, Applicants Signature, County Assessor or Deputy, Date, Date, Approved beginning tax year, Disapproved Reason, and e b o t to complete the current step.

Writing part 3 of Otc Form 921

As for Date and County Assessor or Deputy, be certain you don't make any mistakes in this section. Both of these are surely the key ones in this PDF.

Step 3: Just after looking through your filled out blanks, click "Done" and you're all set! Sign up with us now and instantly obtain Otc Form 921, available for downloading. All changes you make are kept , enabling you to customize the form further anytime. Here at FormsPal.com, we aim to ensure that all of your details are stored private.

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