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Assessor and owner differ on valuation of large Oklahoma County commercial property
Summary
A commercial-property appellant presented a refinancing appraisal of $7.5 million; county appraisers questioned elements of that appraisal and proposed an assessor-side valuation of about $8.275–8.3 million after accounting for lease-up and roof-replacement uncertainties. The board will issue a decision after a Friday meeting.
A commercial-property valuation dispute occupied a large portion of the Oklahoma County Board of Equalization meeting as the owner's representative and assessor staff debated competing appraisals and the effect of tenant departures and roof condition on value.
The owner's representative presented a June appraisal produced for refinancing that set value at $7.5 million. He said two tenants — Providence Realty and Game Time — vacated after that appraisal, removing roughly…
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