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Owner challenges assessor’s valuation for 4900 Southeastern Ave.; board pauses decision until Friday
Summary
An appellant disputed the assessor’s valuation for a partially completed storage building on 4900 Southeastern Avenue, arguing the site is in a low-value area near the landfill, the building is incomplete and comparable sales are inappropriate; the assessor acknowledged a square‑footage error and presented recalculations. The board will decide Friday and notify parties by mail.
The Oklahoma County Board of Equalization heard oral testimony May 27 from the owner of a five‑acre property at 4900 Southeastern Avenue (account R 092651710), who asked the board to lower the assessor’s valuation.
The owner said he bought the site in 2020 for about $64,000, intends to use the building for personal storage and that the structure is unfinished because of water, sewer and a required detention pond. “At this moment my main purpose is to use it for … to keep my lawnmower truck,” the owner told the board, adding he installed a septic tank and provided handwritten receipts, including a $6,000 record for a second tank.
The appellant also disputed the assessor’s chosen comparables, saying nearby sales used in the workup are not representative of his neighborhood and that land values the city paid in nearby blocks (he cited 34 cents per square foot) differ from the comps the assessor used.
Assessor staff acknowledged an input error in the initial workup, saying they had used 4,000 square feet when the building’s footprint in the county system is 3,200 square feet. The assessor recalculated using 3,200 sq ft and said a full completed-building income indication would be in the mid‑$300,000s, while applying a materials‑only (50%) reduction for incompletion produced the lower building figure the assessor earlier reported. “We based it off of cost … that's how we got from 341,107 to 204,714,” the assessor said.
Board members told the appellant they were most interested in the land value and whether the owner provided the assessor the same comparables during the informal conference. The board paused further action and said it will meet Friday to determine the fair market value; parties will be notified by mail and may receive email notice as well.
No vote or final valuation was recorded at the May 27 hearing.
