Oklahoma County Board of Equalization sets property valuations at special meeting

At a special meeting Friday, June 26, 2026, the Oklahoma County Board of Equalization voted to set fair market values for 11 properties, approving valuations for a residential home, two RV-park parcels and several commercial subunits tied to an outlet mall.

Elanor Thompson, president of the board, opened the session and presided over roll call and routine business. The board first approved the minutes for June 17, June 22 and June 23 by unanimous voice vote.

On BOE 189, a single-owner residential property, members discussed prior assessor figures and owner improvements, including a pool the board recorded as about $150,000 and an additional $40,000 addition completed in 2025. After discussion the board set the parcel’s fair market value at $936,500 and approved the motion unanimously.

The board then considered two contiguous RV-park parcels. BOE 184 (described in the meeting as having 54 pad sites) and BOE 185 (about 80 pad sites) had different assessor and owner valuations on the record. After viewing the site and discussing access, signage and comparable sales, the board set BOE 184 at $2,904,704 and BOE 185 at $4,498,114; both motions carried on unanimous votes.

BOE 186 was recorded as settled by agreement of the parties; the board noted the agreed figure as $17,262 and left the matter closed by mutual agreement.

The meeting’s latter portion focused on an outlet-mall economic unit spanning items BOE 190–195. Board members discussed valuation methodology, including mass-appraisal treatment of secondary income on pro forma statements, and the effect of a reported accepted offer for the larger economic unit (the accepted $80 million offer was noted in discussion but was not closed and therefore not treated as a finalized sale). Acting on motions, the board set the following fair market values for subunits of the outlet-mall economic unit: BOE 190 at $2,623,688; BOE 191 at $5,943,630; BOE 192 at $71,484,887; the next subunit at $4,219,977; BOE 194 at $47,563; and BOE 195 at $229,254. Each motion was seconded and approved by voice vote.

Throughout the meeting members discussed technical appraisal issues, including where secondary income appears on pro forma calculations and how that placement affects total valuation. The board recorded that mass-appraisal techniques supported the assessor’s approach for the unit, and then proceeded to set unit and subunit values individually.

After completing action on commercial parcels, the board concluded its consideration of commercial property for the year, solicited any remaining items, and moved to adjourn; the adjournment motion passed unanimously.

Votes at a glance

- Approval of minutes (June 17, 22, 23): passed (unanimous voice vote).
- BOE 189 (residential): set FMV $936,500; outcome: approved (unanimous).
- BOE 184 (RV park): set FMV $2,904,704; outcome: approved (unanimous).
- BOE 185 (RV park): set FMV $4,498,114; outcome: approved (unanimous).
- BOE 186: settled by agreement; recorded as $17,262.
- BOE 190: set FMV $2,623,688; outcome: approved (unanimous).
- BOE 191: set FMV $5,943,630; outcome: approved (unanimous).
- BOE 192: set FMV $71,484,887; outcome: approved (unanimous).
- Subsequent outlet-mall subunit: set FMV $4,219,977; outcome: approved (unanimous).
- BOE 194: set FMV $47,563; outcome: approved (unanimous).
- BOE 195: set FMV $229,254; outcome: approved (unanimous).

What this means

The valuations set by the board establish the fair market values that will be used for Oklahoma County tax assessment purposes unless changed by further administrative appeal or court action. Board members flagged technical appraisal choices—chiefly how secondary income is treated in pro forma calculations—as key drivers of value in the outlet-mall unit. The board recorded one item settled by agreement and completed its agenda before adjourning.

Sources and attribution

Statements and procedural motions in this article are taken from the board’s June 26, 2026 special meeting transcript. Procedural language (motions, seconds, and voice votes) was recorded without individual mover/second attribution in the transcript; votes are reported as unanimous based on the board’s recorded “all in favor” responses.