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Board will decide Friday on appeal of 1920 house valuation after owner says $5,000 asbestos-siding work triggered cap removal
Summary
At the May 19 Oklahoma County Board of Equalization meeting, Clark Wong, representing AL Royalty Holdings, contested a 2025 fair-market valuation the assessor set after the property's effective year of construction was adjusted following a 2021 siding and roof work the owner says cost about $4,922.
Clark Wong, who identified himself as the representative and manager for AL Royalty Holdings, told the Oklahoma County Board of Equalization on May 19 that he paid $5,000 for a house at 2009 Northwest 14th in 2011 and later spent about $4,922 in 2021 to cover deteriorated asbestos siding.
"I spent $5,000 covering up this siding," Wong said during the hearing, arguing the work did not amount to a substantial improvement that should change the property's fair market value enough to remove the tax cap. "I paid $5,000 for it in the year 2011," he also said when asked about purchase price.
The assessor's office told the board that it reduced an initial $150,000 estimate to $144,000 during the informal process and that staff had calculated a new-construction value and an effective-year change tied to the 2024 reported…
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