OTC Form 987 Application for Ad Valorem Tax Exemption for Religious Entities - Oklahoma

Notification Icon This version of the form is not currently in use and is provided for reference only. Download this version of OTC Form 987 for the current year.

OTC Form 987 Application for Ad Valorem Tax Exemption for Religious Entities - Oklahoma

What Is OTC Form 987?

This is a legal form that was released by the Oklahoma Tax Commission - a government authority operating within Oklahoma. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is OTC Form 987?
A: OTC Form 987 is the Application for Ad Valorem Tax Exemption for Religious Entities in Oklahoma.

Q: Who can use OTC Form 987?
A: Religious entities in Oklahoma can use OTC Form 987 to apply for ad valorem tax exemption.

Q: What is ad valorem tax exemption?
A: Ad valorem tax exemption refers to the exemption from property taxes based on the value of the property.

Q: Why would a religious entity apply for ad valorem tax exemption?
A: Religious entities may apply for ad valorem tax exemption to reduce their financial burden and support their mission of serving the community.

Q: Are there any fees associated with submitting OTC Form 987?
A: There are no fees associated with submitting OTC Form 987.

Q: What documents are required to be submitted with OTC Form 987?
A: The specific documents required may vary, but generally applicants need to submit organizational documents, financial records, and a description of the religious activities.

Q: How long does it take to process the application for ad valorem tax exemption?
A: The processing time for the application can vary, but applicants should expect a few weeks for review and approval.

Q: Is the ad valorem tax exemption permanent?
A: The ad valorem tax exemption is typically granted on an ongoing basis, but religious entities may need to periodically reapply or provide updated information.

Q: Can ad valorem tax exemption be revoked?
A: Yes, ad valorem tax exemption can be revoked if the religious entity no longer meets the requirements or if there are changes in the property use.

ADVERTISEMENT

Form Details:

  • Released on November 1, 2019;
  • The latest edition provided by the Oklahoma Tax Commission;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of OTC Form 987 by clicking the link below or browse more documents and templates provided by the Oklahoma Tax Commission.

Download OTC Form 987 Application for Ad Valorem Tax Exemption for Religious Entities - Oklahoma

4.4 of 5 (10 votes)
  • OTC Form 987 Application for Ad Valorem Tax Exemption for Religious Entities - Oklahoma

    1

  • OTC Form 987 Application for Ad Valorem Tax Exemption for Religious Entities - Oklahoma, Page 2

    2

  • OTC Form 987 Application for Ad Valorem Tax Exemption for Religious Entities - Oklahoma, Page 1
  • OTC Form 987 Application for Ad Valorem Tax Exemption for Religious Entities - Oklahoma, Page 2
Prev 1 2 Next
ADVERTISEMENT

Related Documents