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Homeowner at 2307 Northwest 50 Ninth appeals valuation citing new floodplain designation and insurance impact
Summary
A homeowner appealing the valuation for 2307 Northwest 50 Ninth told the Oklahoma County Board of Equalization that a FEMA flood zone AE designation and resulting insurance costs had impaired marketability and should affect assessed value.
A homeowner appealing the valuation for property listed as BOE 74 (2307 Northwest 50 Ninth) told the Oklahoma County Board of Equalization that a recent change to FEMA flood zone AE and resulting insurance impacts have reduced the property's marketability and should lower its assessed value.
The owner said they had to pay for an elevation certificate and that their insurer required a higher elevation: "we had to spend $879 on an elevation report to make our insurance…
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