Board sets contested property value at $1.3 million after owner objects to assessor’s comps

The Oklahoma County Board of Equalization agreed on May 4 to set the fair‑market value for the property at 801 Northwest 7 at $1,300,000 after an owner protest highlighted procedural and comparable‑selection concerns.

Owner Mr. Erdos told the board he had bought the lot for about $427,000 and spent substantial sums building an “excellent quality” house but disputed the assessor’s $1,684,000 notice. He said he was denied an in‑person informal hearing that he had requested and accused assessor staff of “cherry‑pick[ing]” high‑priced comparables and even using the same comp twice with different adjusted values. “We were denied what I think is due process,” he told the panel.

Assessor staff explained the office’s inventory‑modification and new‑construction calculations, cited sale and construction data that supported a higher median and mean value, and acknowledged some adjustments based on the informal review. Board members asked the assessor to recompute values removing the duplicated comp; after discussion, the board moved and seconded to set the value at $1,300,000 by agreement of the parties.

The motion was made and seconded during the hearing; the board announced the agreed fair‑market value and said a written notice would be mailed after the Friday decisions were finalized. The record shows the owner pressed both substantive valuation points (which comps were used and how permit/construction costs were treated) and a procedural objection about the informal hearing format.