- Associated Press - Monday, May 18, 2015

OKLAHOMA CITY (AP) - The Oklahoma County assessor’s office said it will offer businesses and homeowners some relief on their property taxes following the May 6 storms, which caused nearly $7 million in damage.

Chief Deputy Assessor Larry Stein said values for commercial properties were reduced by almost $5 million in total, The Oklahoman (http://bit.ly/1HczDJH) reported. The assessor’s office cut nearly $2 million in total in residential property values.

“Of the 14 commercial property accounts, four accounts are 100-percent destroyed, the others suffering 50 percent damage or less. Six residential accounts suffered 100 percent damage,” he said.

Property owners who want to know if they qualify for a reduction in assessed value can call the assessor’s office. Adjusting values on properties damaged by storms and natural disasters helps owners save money, Stein said.

Cleveland County Deputy Assessor Billijo Ragland said she doesn’t know of damage in the Norman area severe enough to result in a reduction in property values. Grady County Assessor Bari Firestone said she was giving property owners enough time to recover before sending inspectors.

Meanwhile, Oklahoma County officials are still keeping a close eye on the weather.

“While the severe storms may have stopped, the rain continues,” Stein said. “The staff will monitor the areas that may be affected and document any flooding damage that occurs.”

___

Information from: The Oklahoman, http://www.newsok.com

LOAD COMMENTS ()

 

Click to Read More

Click to Hide