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

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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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