Okla. Stat. tit. 63, § 63-4105

- Disputed value.

A. The value of any vessel or motor for the purposes of the

excise tax levied by Section 4103 of this title shall be determined

as of the time the person applying for a certificate of title

thereto obtained either legal ownership or possession of the vessel

or motor which shall be the actual date of the sale or other

transfer of legal ownership, which date shall be shown by the

assignment on the certificate of title or, in the case of a new

vessel or motor on the manufacturer's certificate or statement of

origin hereby required, and by the application for registration,

required to be furnished by the licensed dealer for use by the

purchaser. The value of a new vessel or new motor for excise tax

purposes shall be the manufacturer's price of such vessel or motor

delivered at the factory. As used herein, the manufacturer's

factory-delivered price shall represent the recommended retail

selling price and shall not mean the wholesale price to a dealer.

Further, for purposes of the Oklahoma Vessel and Motor Excise Tax

Act, Section 4102 et seq. of this title, a new vessel or new motor

used by a licensed dealer for demonstration purposes shall be

Oklahoma Statutes - Title 63. Public Health and Safety Page 1653

considered a new vessel or new motor upon the first time sale and

registration of such vessel or motor. The value of a used vessel or

used motor shall be sixty-five percent (65%) of the manufacturer's

price of such vessel or motor delivered at the factory for

subsequent transfers for the first year and for the second year and

sixty-five percent (65%) of the value of the previous year so fixed

for each successive year for which such vessel or motor is

registered and licensed in this or any other state, until such

vessel or motor reaches a minimum value of Two Hundred Fifty Dollars

($250.00).

B. Service Oklahoma shall have the authority in cases of

dispute to determine the factory delivered price or price of any

vessel or motor.

C. In computing the excise tax, the fees collected shall be

rounded to the nearest dollar.