Different Property Appraisals. Companies with Eminent Domain Powers.

Where: Oklahoma

What’s happening? Oklahoma separately values the property owned by companies that have eminent domain authority

How does it work?

• impacts “public service” companies (companies that have the privilege of using eminent domain)
• property assessments are conducted annually by the Oklahoma’s State Board of Equalization 
• there’s an opportunity for companies to protest, all the way to the State Supreme Court
• assessments are certified by the governor, lieutenant governor, state auditor and inspector, state treasurer, attorney general, state superintendent of public instruction & the president of the board of agriculture
• certified assessments are sent to counties

The Oklahoman | ‘Public service’ valuations complex but usually worked out, administrator says