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Board approves Moore home value at $137,000 after agreeing to remove remodel adjustment
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Summary
Elizabeth Moore told the BOE her home has mold, sinkholes and an old electrical panel; the assessor offered to remove a remodel percentage and lower the fair-market value to $137,000, a move the board approved by motion and voice vote.
Elizabeth Moore told the Oklahoma County Board of Equalization that her house at 1317 North Sterling Avenue needed multiple repairs — including cracked tiles, chipping paint, mold or mildew in a bathroom, sinkholes on the lot and an old breaker panel — and that comparable houses the assessor used had features her home lacked.
The assessor reviewed the account and said a 2020 remodel percentage had been applied. The assessor calculated that if the remodel percentage were removed it would reduce the valuation to about $137,000. Moore asked whether the board could settle near the middle of her requested range, and the assessor and panel said $137,000 was the lowest defensible estimate.
A committee member moved to set the fair-market value by agreement at $137,000 for BOE item 27; another panelist seconded the motion and the board approved it by voice. The assessor said the adjustment would be reflected in the current account and the office would ensure the remodel percentage was removed going forward.
The board closed that hearing item and continued through other administrative scheduling matters before adjourning.
