Lifetime Citizen Portal Access — AI Briefings, Alerts & Unlimited Follows
Oklahoma County Board of Equalization sets fair-market values for seven properties
Loading...
Summary
At a special April 17 meeting, the Oklahoma County Board of Equalization approved minutes and set fair-market values for seven properties after discussion of sales comps, rental income and condition; all recorded votes were unanimous.
Eleanor Thompson, presiding at a special meeting of the Board of Equalization of Oklahoma County, on April 17, 2025, approved minutes and set fair-market values for seven properties after discussion of sales comps, rental income and condition.
The board approved the minutes of its April 11 meeting and then considered seven valuation appeals and assessments. Each contested item ended with a formal motion and a recorded 3-0 vote in favor of the value the board set.
Board members discussed sales comp data, rental income and, in one case, alleged inclusion of personal property in a sale price. For one property the board considered previous informal reductions from 2023 and multiple methods of arriving at a value; for another, members noted evidence of termite damage had been previously taken into account. Several properties were described in discussion as rentals; one was described as remodeled and another as situated at a corner of two major roads.
Votes at a glance (board decision, assessor valuation, owner request where stated):
- BOE No. 55 (R2O2431310): Set fair-market value at $299,000. Assessor: $299,000. Owner: $285,000. Vote: 3-0.
- BOE No. 79 (R145691155): Set fair-market value at $204,500. Assessor: $204,000. Owner requested $197,500. Vote: 3-0.
- BOE No. 81 (property referenced as 90 2 North Sooner / 141633): Set fair-market value at $6,270,000. Assessor: $6,649,000. Owner argued for $4,000,504 (or about $5,000,500 in later remarks); board discussion covered a 2022 sale, possible inclusion of personal property in that sale price and land vs. improvement comp differences. Vote: 3-0.
- BOE No. 84 (R199071267): Set fair-market value at $122,009.84. Assessor: $137,050 (listed as $137.05 per square foot in discussion). Owner sought $119,000. Board discussion noted nearby comps and age/condition adjustments. Vote: 3-0.
- BOE (DOE) No. 80 (R117791395): Set fair-market value at $112,006.47. Assessor valuation discussed; members noted prior reductions for termite damage and assessed comps/means. Vote: 3-0.
- BOE No. 56 (R20511580812, Lakeside/Circle area): Set fair-market value at $261,000. Assessor: $261,000. Owner requested $252,200. Median and mean in the township were higher; the board accepted the assessor’s value. Vote: 3-0.
- BOE No. 57 (R143311015): Set fair-market value at $2,565,000. Assessor: $2,566,500. Owner asked for a substantially lower figure (transcript stated "230,000" which, in context, appeared inconsistent with other figures discussed). Board members noted a prior remodel and parcel complexities. Vote: 3-0.
During the discussion of the large commercial/residential property that the board set at $6,270,000, members referred to a 2022 sale price and disagreed about whether the sale included personal property; they weighed a land valuation approach against per-square-foot comps and a prior informal reduction taken in 2023. For the case where termite damage had been raised, members said the assessor already accounted for the damage in its valuation.
After the votes the board confirmed its schedule for the coming week (meeting only Monday) and adjourned.
All motions that appear in the transcript were made during the meeting; the transcript records unanimous recorded votes for each motion listed above. The board’s formal actions were approvals of the minutes and the seven valuation determinations listed.
