Oklahoma County Board of Equalization sets new values for several commercial and apartment properties on decision day

The Oklahoma County Board of Equalization on Wednesday, June 18, 2025, set fair-market valuations for a series of commercial and apartment properties during a special decision-day meeting called by the board.

Board members debated the completeness, occupancy and comparable sales data for each appeal before taking formal votes. The meeting record shows the board reduced or adjusted assessor values and approved specific figures for properties including a warehouse at 6050 South Harrow Road, Stony Brook Apartments, Sycamore Park, Quail Landing Apartments, two fitness-center properties (including a Crunch Fitness site), and several apartment/retail mixes.

The board opened the meeting at 9:31 a.m.; notice of the meeting was posted June 16. For the warehouse at 6050 South Harrow Road (DOE/BOE #124), the board discussed whether the building was complete and occupied on the tax lien date and whether it should be taxed as finished property or as land. After debate about construction status, utilities and lack of occupancy and storage use, the board voted to set the fair-market value at $54,450; the motion passed.

On BOE #141 (Stony Brook Apartments), the board considered assessor comps and a 5% deduction the assessor offered to reflect reported water damage. The board approved a fair-market value of $21,225,009.97 after discussion of the assessor’s modeling and companion sales data.

For BOE #143 (Sycamore Park), members rejected some older assessor comps and relied on more recent sales and taxpayer-provided comparables; the board set the value at $47,806,583.

Quail Landing Apartments (BOE #144), which the transcript notes had a reported 77.2% vacancy rate, drew discussion about whether newer sales comps and the property’s income analysis should be weighted more heavily than older assessor comps. The board set the property’s fair-market value at about $24,741,000.

At BOE #145 (Crunch Fitness), board members weighed a March 2024 purchase and about $1.2 million in improvements and set the value at $4,225,000. A second fitness-related property (BOE #146) was set at $5,363,000 after members compared sale prices and reported improvements.

On BOE #148 — a mixed apartment and storage property — the assessor had made a substantial reduction; board members debated whether to average sales and income approaches. The board approved a value of $29,967,257 after reviewing both methods. The final case, BOE #149 (apartments with reported high turnover, occupancy and delinquency concerns), was set at $24,500,000 after the board averaged the pro forma income analysis and sales data.

Throughout the meeting members repeatedly distinguished sales-comparison results from income analyses and noted when comps were older (2020–2022) versus when taxpayer-submitted comps covered 2023–2024. The assessor’s office acknowledged it had placed some properties on the tax roll in 2024 and that office staff had not been aware of incomplete occupancy in every case until claims were filed. The inspector’s office notified members that some photo evidence submitted appeared to be taken after the tax date, which shaped some members’ views on whether properties were complete and occupied for roll inclusion.

All items on the published agenda that were discussed received motions and votes during the meeting; the transcript records motions, seconds and roll-call votes for each item. The board adjourned at the end of the docket and scheduled additional decision days the following Monday and Tuesday to continue remaining business.

Why it matters: these decisions finalize tax-year fair-market valuations for the listed properties and affect taxable assessments for 2024–2025 depending on local tax calculations. The board’s adjustments reflect the panel’s deliberations about completion, occupancy, improvements and the relative weight to give sales versus income analyses when comps vary by year.