
11/19/04, 05:30 PM
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Join Date: Jun 2002
Location: Texas
Posts: 75
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Quote:
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Originally Posted by SouthernThunder
I've now got the form I need but I have some questions. (imagine that) It says I have to run livestock or crops "for sale" for profit to be considered a farm. Thats not a problem. But it also wants me to list the number of acres I farm and the machinery and its value. What are their intentions for this information?
Do they charge me a special tax on this machinery and acreage?
If so should I just list a small number of acres, say 10 or 15 and only list an old truck or a tractor of little value?
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Yes, in Oklahoma the state collects two taxes, real property and personal property. In my county I can do it over the phone to renew, but had to appear in person the first time. The permit used to be annual but now it is good for several years. Oklahoma dropped the fuel exemption a few years back. I never used it anyway, since it was difficult to find filling stations that took it.
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Pezzo Novante Ranch
Atoka County, Oklahoma
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