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Oklahoma County tax panel confesses lack of notice in property case, refers matter to Board of Equalization
Summary
The Oklahoma County Tax Review Commission discussed a valuation dispute tied to a property referenced as "Diamond Ridge," debated whether a parent-subsidiary transfer triggers the 5% valuation cap, and voted to confess lack of notice in one case and refer it to the Board of Equalization for a hearing.
The Oklahoma County Tax Review Commission voted to confess a lack of notice for a taxpayer’s valuation dispute and referred the matter to the Board of Equalization for a hearing, after discussion over whether a parent–subsidiary transfer of property value should be subject to the 5% increase cap.
The board opened the item by identifying the property as “Diamond Ridge” and noting a presence by David Potts. Speaker 4 summarized a recent change in assessed value, saying, "It was $3.51, and it went to $4.25," and referencing a figure of "425,000." The panel spent much of the discussion parsing whether the transfer between a subsidiary and a parent company is excluded…
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