County sees ad valorem rolls drop $20M from previous year
Kingfisher County net ad valorem rolls dropped this year compared to last to $511,347,696 from $531,687,834, a drop of $20,340,138.
County Assessor Carrie Turner said her staff cleaned up assessment rolls during the year, primarily removing businesses that had closed.
Personal property decreases each year due to depreciation, Turner said.
“In order to increase personal property, we need to add new business or add personal property not claimed or rendered, this also includes, mobile homes, and farm equipment,” she said.
Tax increases are expected in Cashion and Dover schools where bond issues were approved this year.
The county is in the process now of completing the budget process.
The county excise board approved budgets on Wednesday and submitted the results to the county clerk’s office, which forwarded them to the state auditor’s office.
“After the 15 days, I will be able to process the tax roll and deliver it to the Treasurer’s office, Turner said.
Once the auditor’s office receives them, a 15-day protest period begins.
“After the 15 days, I will be able to process the tax roll and deliver it to the treasurer’s office,” Turner said.
At that point tax rolls will open for payment. A future announcement will be made on the tax rolls’ opening.
Turner has conferred with all school superintendents, including those outside the county whose boundaries enter into Kingfisher County, and informed them of the difference in valuations affecting their schools, The schools’ F.Y. 2025 net valuation totals and differences follow: Okarche – $73,081,310, down $2,172,024.
Hennessey– $73,716,238, down $4,193,196. (The closing by officers of a marijuana farm in northwest Kingfisher County especially affected the Hennessey schools’ valuations.)
Kingfisher – $134,252,694, down $7,897,639.
Cashion – $81,854,461, up $4,439,041.
Okeene – $1,141,060, down $362,662.
Dover – $78,939,044, down $3,463,354.
Drummond – $172,086, down $32,825.
Cimarron – $56,280, down $63,166.
Marshall-Covington – $1,613,032, up $374,739.
Piedmont – $532,600, up $16,925.
Crescent – $4,682,403, down $332,224.
Lomega – $61,576,488, down $6,653,853.
Turner reported that a tax protest by BCE Mach III Midstream, which has been resolved for the 21-22 fiscal year, is ongoing for fiscal years 23, 24 and 25.
Taxes due schools for those years is held in escrow until the protest is settled.
Schools affected include Dover, Kingfisher, Hen-nessey, Lomega, Cashion, Crescent, Drummond and Covington-Douglas.
The county’s comparative valuation report showed that real property valuations were $9,672,741 higher this year compared to last while all others were lower: personal property down $22,366,108, and public service down $7,419,271.
Also, Turner’s report showed homestead exemptions were lower this year by $37,357.
Changes in ad valorem tax dollars for schools will be up for Cashion (392,011.71), Marshall/ Covington ($38,414.49) and Piedmont ($1,804.37). Okarche will be down by $166,166.40, Hennessey by $318,682.90, Kingfisher $669,237.45, Okeene by $32,668.59; Dover by $295,285.56, Drummond by $2,797.02, Cimarron by $4,531.53, Crescent by $34,890.16, and Lomega by $589,464.84