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Oklahoma County Board of Equalization approves valuations for 10 properties, including mall and hotel settlements
Summary
At a May 8 special meeting the Oklahoma County Board of Equalization voted to set fair-market values on 10 properties — including a $41.119 million valuation for a shopping center and a $2.725 million hotel settlement — and discussed procedural changes to speed future hearings.
The Oklahoma County Board of Equalization voted on May 8 to set fair-market values for 10 properties during a special meeting that began at 9:30 a.m. The board approved motions for each item, with members voting in favor on each motion.
Most immediately contested was a commercial appraisal for a shopping-center property (BOE 42). Committee members debated competing cap-rate calculations and distant comparables before moving to set the fair-market value at $41,119,000. "I felt like the assessor could have even gone up a little bit more...so I would probably lean more towards the 41,119,000," said a…
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