Oklahoma County board sets 607 Northeast 15th's fair market value at $870,000
April 02, 2026 | Oklahoma County, Oklahoma
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The Oklahoma County Board of Equalization voted at a special meeting April 1, 2026, to set the fair market value for the residential property at 607 Northeast 15th Street (account R034595280) at $870,000 after deliberations over comparable sales and assessor adjustments.
The board’s chair, Eleanor Thompson, reviewed six comparable sales and the assessor’s median valuation, saying the assessor had set a square-foot rate of $180.37 and an assessed value of $879,500. Thompson said she was reluctant to accept the property owner’s figure of $819,729. “For him to now think his house is only worth 819,000, I think, is not realistic,” Thompson said during the discussion.
A committee member who spoke during the hearing raised concerns about large percentage adjustments applied to comparables — in some cases as much as 50–65% — and questioned whether a 2019 sale should be used for trend calculations because it had been a bank sale. Another committee member noted, “It was from a bank,” arguing that a distressed sale could skew trend-based valuations.
Board members discussed options including averaging the taxpayer’s figure and the assessor’s valuation, and whether to include or exclude comp 6, which yielded a much lower per-square-foot price and appeared to reflect a lower-quality property. One committee member said having the assessor’s office run the 12 comparables the owner submitted during informal review would have made the adjustments easier to evaluate.
After debate, a committee member proposed marking the fair market value at $870,000; a colleague seconded the motion. The chair called for a voice vote and the board approved the motion by voice. The chair then noted that items 2 and 3 on the agenda had been settled by agreement of the parties and required no further board action. The special meeting was then adjourned.
The decision changes the official assessed market value used for property-tax calculations; the board did not record a roll-call vote tally in the transcript, only voice approval. The board did not announce any immediate plans for appeal or further review at the meeting.
The board’s chair, Eleanor Thompson, reviewed six comparable sales and the assessor’s median valuation, saying the assessor had set a square-foot rate of $180.37 and an assessed value of $879,500. Thompson said she was reluctant to accept the property owner’s figure of $819,729. “For him to now think his house is only worth 819,000, I think, is not realistic,” Thompson said during the discussion.
A committee member who spoke during the hearing raised concerns about large percentage adjustments applied to comparables — in some cases as much as 50–65% — and questioned whether a 2019 sale should be used for trend calculations because it had been a bank sale. Another committee member noted, “It was from a bank,” arguing that a distressed sale could skew trend-based valuations.
Board members discussed options including averaging the taxpayer’s figure and the assessor’s valuation, and whether to include or exclude comp 6, which yielded a much lower per-square-foot price and appeared to reflect a lower-quality property. One committee member said having the assessor’s office run the 12 comparables the owner submitted during informal review would have made the adjustments easier to evaluate.
After debate, a committee member proposed marking the fair market value at $870,000; a colleague seconded the motion. The chair called for a voice vote and the board approved the motion by voice. The chair then noted that items 2 and 3 on the agenda had been settled by agreement of the parties and required no further board action. The special meeting was then adjourned.
The decision changes the official assessed market value used for property-tax calculations; the board did not record a roll-call vote tally in the transcript, only voice approval. The board did not announce any immediate plans for appeal or further review at the meeting.
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