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Oklahoma County BOE hears multiple valuation appeals from northwest neighborhood; most cases continued to decision day
Summary
Property owners from a cluster of Northwest 20th/20Third addresses appeared before the Oklahoma County Board of Equalization on March 19, arguing that assessor valuations overstate fair market value. The board heard 12 appeals, accepted one assessor adjustment by vote, closed hearings on the rest and said it will issue decisions Friday.
Eleanor Thompson, presiding member of the Oklahoma County Board of Equalization, opened a hearing on March 19 where owners of more than a half-dozen residential parcels in a northwest neighborhood pressed for lower valuations set by the county assessor.
Thompson told appellants, “We do not concern ourselves with taxable value. We only concern ourselves with a fair market value,” and explained the board’s process: the panel would hear owners, hear assessor staff, and then reach a decision at a later session. “We do not decide today. We decide on Friday,” she said.
Why it matters: The appeals target assessed values that owners say exceed marketable sale prices for properties that many described as vacant, dilapidated or in need of major repairs. Owners repeatedly told the board about roof leaks, failed furnaces, broken windows and missing driveways that they say reduce marketability and rentability; assessor…
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