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Oklahoma County Board of Equalization sets commercial and residential valuations, denies income-based tax freeze request
Summary
At a June 30 Board of Equalization session, members set fair-market values for several commercial properties, affirmed a hotel valuation, and denied a homeowner's request that relied on adjusted gross income instead of gross household income under the statute.
The Board of Equalization for Oklahoma County on June 30 set fair-market values for multiple commercial parcels, affirmed a hotel assessment, and denied a request to apply an income-based tax freeze that relied on adjusted gross income rather than the statutory gross household income definition.
On BOE item 150 (account R154243000, a neighborhood market property under a long-term triple-net lease), the board set the valuation at $4,860,360 after discussion of comparable sales and income approaches. The board chair moved the valuation and a member called for the motion to be set at the assessor's valuation; the motion passed on a recorded voice vote with members present voting in favor.
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