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Oklahoma County Board of Equalization sets several property values and denies a tax-exempt claim
Summary
At a June 13 special meeting, the Oklahoma County Board of Equalization set fair-market values for multiple commercial and residential properties, agreed to reinstate a previous tax cap on one property, and denied a homeowner's request for tax-exempt status.
The Oklahoma County Board of Equalization on June 13 set fair-market valuations for multiple properties and denied a single tax-exempt claim during a roughly 9:30 a.m. special meeting.
The board voted to set the market value for a storage‑unit property (BOE item 122) at $4,056,200 after members debated competing income analyses, a proposed 50% expense ratio from the property owner, and a 25% vacancy assumption provided to the assessor. Board members said comparable sales supported a value higher than the owner’s revised $3.1 million figure but lower than the assessor’s original $4.8 million starting point.
The board also set the value for Southern Commons (BOE item 123), a Section 42 affordable‑housing complex, at $7,350,000. Members noted differences between the assessor’s…
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