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Oklahoma County Board of Equalization sets warehouse valuation at $17,262,000
Summary
At a July 6 special meeting, the Oklahoma County Board of Equalization voted to set the fair market value of a commercial distribution warehouse (account R141942580, BOE #186) at $17,262,000 after discussion of tenant bankruptcy and appraisal adjustments; the board also approved minutes and then adjourned.
The Oklahoma County Board of Equalization voted on Monday to set the fair market value of a commercial distribution warehouse (account R141942580, BOE number 186) at $17,262,000. The special meeting was called to order by Eleanor Thompson, who identified herself and confirmed a quorum.
Thompson said the property’s major tenant had filed for bankruptcy, which the board and parties said had skewed income and justified applying a 10% vacancy rate. The property owner had requested a valuation of $16,701,257; the assessor initially presented figures around $18.0 million before adjustments. Thompson said “Thomas” made an adjustment during the hearing and that staff had two candidate values under consideration, including $18,000,000 and $17,000,000.
A committee member moved to set the fair market value at $17,262,000, saying the figure was "based on appraisals." Thompson seconded the motion. The board voted verbally in favor; those present responded "aye," and the motion carried.
Votes at a glance
- Approval of June 2026 meeting minutes (Item 1): Motion to approve was moved and seconded; board voted in favor. (Motion text: “Move approval of item number 1 as presented.”)
- BOE #186, account R141942580 (commercial distribution warehouse): Motion to set fair market value at $17,262,000 moved by a committee member, seconded by Eleanor Thompson; board voted in favor. (Reason discussed: tenant bankruptcy, 10% vacancy rate, and appraisal adjustments.)
The meeting lasted only the agendaed business; after the valuation vote, a member moved to adjourn, Thompson seconded, and the board voted to adjourn.
What happened and why it matters: The board’s valuation for BOE #186 will be used in property tax assessment records for the parcel identified in the meeting. The board recorded competing figures from the owner and assessor and settled on a mid-range value after citing bankruptcy effects and appraisal input. No roll-call vote or detailed tally by member name was recorded in the transcript.
The special meeting record notes several items (2–7) were withdrawn before discussion; no other hearings or public comments were recorded in the transcript.
