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Homeowner appeals market value after fire and rebuild at Fairview Farms property; board to rule next week
Summary
Fraley appealed the assessor—s $1.12 million fair-market valuation for a Fairview Farms home, arguing a prior fire and partial rebuild do not justify the county—s increase; assessor staff cited permits, comps and a change in effective age to support the higher figure. The board deferred a decision to next Friday.
Homeowner Fraley asked the Oklahoma County Board of Equalization on May 6 to reduce the assessor—s market valuation for a house on Fairview Farm Boulevard, saying the house burned, the interior was rebuilt and the county—s new valuation — which Fraley said represents a roughly 40% to 45% increase in taxable burden — overstates the property—s market value.
Fraley told the board the home was ‘‘totally— damaged by fire’’ and that much of the interior had been taken down to the studs; he said repairs included new drywall and paint but that brick, mortar and much exterior material remained original…
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