Claremore Daily Progress
February 12, 2014
Business tax deadlines approach
Deadlines are approaching for all Rogers County businesses to file their personal property for valuation.
In Rogers County, there are only two forms of personal property, which is taxable, farm equipment and business personal property equipment, Rogers County Assessor Scott Marsh said.
Business owners must file Form 901 — listing taxable property by March 15 or a penalty of 10 percent will be added to the yearly tax.
Form 901 must be postmarked by those dates to avoid the penalty, Marsh said.
If businesses fail to meet the deadline, the penalty will increase to 20 percent by April 15, according to Oklahoma Law.
“It is the duty of the assessor’s office to assess value for taxation of both,” Marsh said. “It is the duty of the business owner to render their equipment each year for valuation.”
New businesses are not excluded from the requirement, according to Marsh.
“Every business is to notify the assessor’s office when they open,” Marsh said.
The assessor’s office uses local newspapers, Oklahoma Tax Commission records and visual inspections to collect information from businesses.
“We work diligently to make sure we have full compliance of all businesses,” Marsh said. “Any business owners or their representatives can feel free to contact my office for assistance.”
The tax revenue is the same valuation as ad valorem for real and personal property, according to Marsh.
The majority of the tax funds go to schools in Rogers County, with the remaining balance going to fund the county’s general account, vo-tech schools and fire districts, Marsh said.
The necessary forms are available at rogerscounty.org or the Oklahoma Tax Commission website.
Business owners can contact the Rogers County Assessor’s office at (918) 923-4795 or Marsh directly by email at email@example.com.