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Board hears appeal of 26‑unit apartment valuation; assessor cites recent sales, owner cites heavy rehab needs
Summary
An appellant asked the Oklahoma County Board of Equalization to lower a 2024 fair‑market value for a 26‑unit apartment to $1 million, citing vandalism and boarded units; assessor staff placed the value at $2.3 million after review and said recent 2022 sales support higher value. The board will make a decision at a later meeting.
The Oklahoma County Board of Equalization heard an appeal April 20 from a representative of a 26‑unit apartment complex that the appellant says is boarded up and requires roughly $5.3 million in repairs.
Chair Eleanor Thompson explained the board's appellate role and evidence rules: "we are an appellate body, so we are not here to receive new evidence. If you wanna give us some information that you did not give to the assessor, you have to say that, and the assessor has to say whether or not he doesn't mind." The appellant…
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