How is the developers exception given out?
It is not usually based on the land in question, instead it is based on the “developer” in question. The developer’s exception is nothing more than an exemption of a politically favored group of property owners from the Oklahoma’s Constitution’s “fair cash value” mandate. Remember, this property tax exception is based on WHO OWNS the property and NOT the use of the property as Mike Means, president of the Builders and Developers Association, would love to make you think! So as long as the “developer” owns the property, and many own properties for years, he will not be taxed based on the fair cash value of the property.
Related Questions
- A builder/developer has agreed to provide some flats/shops free of cost to the landowner who has given the land for construction. Is service tax payable in respect of these three flats/shops?
- What if I was given advice from the Board about a variance or exception to the OSH Regulation prior to Part 3 of the Workers Compensation Act, i.e., before 1999?
- How is the developers exception given out?
