Oklahoma County board approves 2025 five‑year manufacturers exemption report

The Oklahoma County Board of Equalization approved the county's 2025 five‑year manufacturers exemption report at a special meeting April 20, 2025.

The report, presented by Chad Heastie of the Oklahoma County Assessor's Office, lists 17 companies with a combined total of 51 personal‑property accounts and five real‑estate accounts. Heastie said the market value for the personal and real estate accounts on the list is "a little over $48,000,000." He asked the board to approve the Excel‑format report as submitted.

Board Chair Eleanor Thompson called for a motion and the item was approved after a voice vote. The record shows board members cast unanimous "yes" votes: Mr. Towne, Ms. Sellers and Chair Thompson.

Why it matters: the five‑year manufacturers exemption program removes qualifying manufacturer property from the tax rolls for a period defined by statute and administrative rule, affecting tax calculations and revenue forecasts while applications are reviewed by the county and submitted to the Oklahoma Tax Commission. Heastie told the board there are 15 new applications for 2025 (13 personal property and two real estate) that will be submitted to the Oklahoma Tax Commission after the clerk signs necessary paperwork.

Board action: a motion to approve the 2025 five‑year manufacturers exemption report carried unanimously. The board did not amend the report during the meeting.

Background details: Heastie said the county has provided the report in spreadsheet form "as I have been in the past" and that a subset of items previously classified as XM4 will revert to taxable status when the exemption period ends (he used Amazon as an example of a property that will return to the tax rolls). Heastie also noted one company's XM45 accounts dropped sharply due to accelerated depreciation and equipment obsolescence; staff said they would follow up by email with the board on which account was affected.