STATE EX REL. TULSA CLASSROOM TEACHER'S ASSOCIATION v. Board of Equalization, Tulsa County

DOOLIN, Justice:

The statutes of the State of Oklahoma provide that after January 1, 1972, the assessor of each county must continuously revalue all taxable property in that county in such a manner that all property will be revalued at least once every five years. 1 The assessed value must not exceed 35% of the fair cash value of the property. 2 Each year the assessment roll should reflect current cash value information, it not being necessary to complete the five year revaluation before adjusting the roll. The assessor should not wait until revaluation of all property is completed before…