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Board sets Laura Stone property valuation at $420,000 after assessor adjustment
Summary
After reviewing a rebuilt garage and an unfinished apartment over a detached garage, the Oklahoma County Board of Equalization agreed June 1 to set Laura Stone’s property valuation at $420,000; the assessor kept the apartment as 'under construction' pending dated photos of completion.
The Oklahoma County Board of Equalization on June 1 set the fair-market value of a Laura Stone property at $420,000 after the assessor and the petitioner reached an informal agreement.
Laura Stone (introduced on the agenda) told the board she demolished and rebuilt a garage and that the detached apartment above the garage was not yet livable as of Dec. 31, 2025. The petitioner described interior conditions and told the panel the main house has few interior remodels, which she said affects comparable sales.
An assessor representative examined whether the apartment portion was complete and said that, if the unit was not livable on Dec. 31, 2025, it can be treated as under construction and excluded from the current valuation. The assessor told the board, “If I remove the value of what we're currently putting the apartment at, I get a value of 424,420, which is very close to the amount you are requesting,” and recommended adjusting the value down to $420,000 by agreement.
The board accepted the assessor’s recommendation, moved to set the fair-market value at $420,000, and approved the motion by voice vote. The assessor asked Stone to provide dated interior photographs showing the apartment’s condition on Dec. 31, 2025 so staff can verify the under-construction status; the assessor will maintain the apartment entry as 'UC' until final confirmation and will activate a permit to re-inspect when the work is complete.
The decision was recorded as an agreement at the hearing; the assessor will follow up with the petitioner for supporting photographs and mark the parcel accordingly once completion is confirmed.
