Otc 905 Form PDF Details

In the State of Oklahoma, homeowners have the opportunity to apply for a tax exemption for storm shelters through the OTC 905 form, an essential document that facilitates this process. This form, revised in May 2011, offers a clear outline for applicants to assert their eligibility for the storm shelter exemption, a provision made possible following the approval of State Question 696 in the November 5, 2002, general election. Tailored to encourage the installation of storm shelters by exempting up to one hundred square feet of such structures from property taxation, this initiative recognizes the critical role of storm shelters in protecting lives during tornadic events. The form requires detailed information including the applicant's name and address, a description of the property, the use of the property, specifics about the shelter including its form, size, construction materials, location, the date of construction, and the total cost involved. It mandates the applicant's testimonial to the accuracy of the provided information and necessitates the approval by the county assessor to finalize the exemption process. Additionally, it highlights the conditions under which the exemption could be reevaluated, such as in the event of a property title transfer. This form is not just a bureaucratic requirement but a gateway to a significant financial reprieve for Oklahomans looking to make their homes safer against severe weather conditions.

QuestionAnswer
Form NameOtc 905 Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other names905 otc 905 form

Form Preview Example

OTC

905

REVISED 5-2011

State of Oklahoma

STORM SHELTER EXEMPTION APPLICATION

________________________________________ County

Return to County Assessor

Information in this application is conidential under 68 O.S. Section 2835

Tax Year

NAME AND ADDRESS (PLEASE PRINT)

Name: _______________________________________________________________________________

Property or 911 Address: ________________________________________________________________

Mailing Address: _______________________________________________________________________

City

State

ZIP Code

Legal Description:

USE OF PROPERTY

School District

Residential

Commercial

 

Other

If Other, please describe: ___________________________________________________________

SHELTER INFORMATION (EXEMPTION LIMITED TO 100 SQUARE FEET)

Form of Shelter:

Inground

Saferoom

Other

 

If Other, please describe: ___________________________________________________________

Size of Shelter:

 

 

 

Dimensions: ____________ X _____________

Total Square Feet: _____________

Construction:

 

 

 

Concrete

Steel

Other

 

If Other, please describe: ___________________________________________________________

Location of Shelter:

 

 

 

Inside Main Structure

Detached

Inside Garage

Other

If Other, please describe: ___________________________________________________________

Date of Construction:

Month: _________________

Year: ____________

 

Cost of Construction:

$ __________________________________________

 

SIGNATURE: I hereby certify that all the information contained herein is true and correct to the best of my knowledge:

Applicant: _________________________________________________ Date: ______________________

ASSESSOR USE ONLY

Application for Exemption:

Approved

Rejected

Parcel Identiication Number: _____________________________________________________________________

Assessor Signature: _________________________________________ Date: ____________________________

STORM SHELTER EXEMPTION APPLICATION - PAGE 2

AD VALOREM EXEMPTION FOR STORM SHELTERS

STATE QUESTION 696

APPROVED IN THE NOVEMBER 5, 2002 GENERAL ELECTION

REFERENCE: OKLAHOMA CONSTITUTION ARTICLE 10 SECTION 6

The Oklahoma constitution provides for up to one hundred (100) square feet of a storm shelter designed for protection and safety from tornados or tornadic winds and installed or added to an improvement to real property after January 1, 2002, shall be exempt from taxation. A storm shelter shall include but not limited to , a safe room built as part of and within an improvement to real property. If title to the property with an exempt storm shelter is transferred, changed or conveyed to another person, such storm shelter shall be assessed for that year based on the fair cash value as set forth in section 8 of the Oklahoma Constitution.

How to Edit Otc 905 Form Online for Free

You may fill in Otc 905 Form easily by using our PDFinity® online tool. Our tool is constantly evolving to give the best user experience attainable, and that is thanks to our dedication to continual enhancement and listening closely to customer feedback. Here is what you'd have to do to get started:

Step 1: Hit the "Get Form" button above on this webpage to open our PDF tool.

Step 2: This editor will let you change your PDF document in various ways. Enhance it by writing personalized text, correct what's already in the document, and put in a signature - all at your convenience!

It's easy to complete the form using out detailed guide! This is what you should do:

1. Whenever filling in the Otc 905 Form, make certain to include all of the necessary fields in the corresponding part. It will help to speed up the work, allowing for your information to be processed efficiently and properly.

Stage no. 1 of submitting Otc 905 Form

2. The subsequent stage is to submit these fields: Residential, Commercial, Other, If Other please describe, Shelter Information Exemption, Form of Shelter, Inground, Saferoom, Other, If Other please describe, Size of Shelter, Dimensions X, Total Square Feet, Construction Concrete, and Steel.

Otc 905 Form completion process explained (portion 2)

3. This next step should also be fairly easy, Date of Construction Month Year, Signature I hereby certify that, Applicant, Date, Assessor Use Only Application for, Approved, Rejected, Parcel Identiication Number, and Assessor Signature Date - all these empty fields must be filled in here.

Part number 3 of filling out Otc 905 Form

People who use this form often make mistakes when filling in Assessor Signature Date in this part. Ensure that you read twice what you enter here.

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