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Oklahoma County Board of Equalization sets multiple property valuations and denies two tax-exempt requests
Summary
The Oklahoma County Board of Equalization on May 16 set fair-market values for several commercial and residential properties and denied requests for tax-exempt status on two apartment projects, citing insufficient nonprofit evidence and financing structure concerns.
The Oklahoma County Board of Equalization met May 16 to resolve appeals and set fair-market values for multiple properties and to rule on tax-exempt status applications for two apartment complexes.
The board set fair-market values on a range of contested properties after discussion of assessor analyses, comps and income approaches. Notable valuations set by the board included BOE item 97 (property value set at $1,832,500), BOE 101 (set at $1,120,000), BOE 98 (set at $2,064,659), BOE 100 (set at $1,292,224), BOE 103 (set at $729,044), and BOE 104 (set at $975,800). Each decision was moved, seconded and approved by the members…
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