Monday, May 23, 2011

Kay County Courthouse

Newkirk, OK 74647

 

The Kay County Equalization Board met in special session on Monday, May 23, 2011,

2:00 o’clock p.m. in the Commissioners Court of the Kay County Courthouse in Newkirk, Oklahoma.   Notice of the meeting was posted on May 19, 2011, at the Courthouse front door, Commissioners Court, and basement handicapped entrance of the Kay County Courthouse in Newkirk, Oklahoma.

 

Chairman J. C. Estes called the meeting to order.  Those present were as follows:  Joe R. Cary, Vice-Chairman; Carol Purdy, Kay County Assessor; Tammy Reese, Secretary/Kay County Clerk (see sign-in sheet).  J. B. Smith, Member, was absent.

 

Motion was made by Cary and seconded by Estes approving regular meeting minutes of May 18, 2011.   Motion carried:  Cary, aye; Estes, aye.

 

Discussion was made regarding Notice of Adjustment on Cooper Ridge Apartments, LP, Willow Creek Villas, LP and Willow Creek Phase II.

 

Cary said he did not feel Daniel Shepherd, Property Tax Services, Inc., representing the above apartments had enough justification to lower values.  He said he felt the Assessor’s current value amount was a fair decision.

 

Estes commented he had reviewed the Supreme Court of Oklahoma’s rulings on subject matter and rulings stated tax credits are exempt from ad valorem and that cost approach overrides the income approach.  He said he did not feel the protestor’s information was acceptable.  Estes stated the property had been depreciated by the Assessor according to Oklahoma Tax Commission’s tables to factor the figure and added the apartments are 100% occupied.

 

Motion was made by Cary and seconded by Estes denying protestor, Daniel Shepherd, appeal on Cooper Ridge Apartments, LP, Willow Creek Villas, LP and Willow Creek Phase II, Assessor’s figures are more in line with current values.  Notice of Adjustment was signed.  Motion carried:  Cary, aye; Estes, aye.

 

Motion was made by Cary and seconded by Estes to adjourn final session of Equalization Board at 2:10 p.m.  Motion carried:  Cary, aye; Estes, aye.

 

 

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Approved this_____day of___________________, 2011.

 

 

                                                                        __________________________________________

                                                                        J. C. ESTES, CHAIRMAN

                                                                       

                                                            __________________________________________

JOE R. CARY, VICE-CHAIRMAN

 

                                                                        __________________________________________

                                                                        J. B. SMITH, MEMBER

 

ATTEST:

 

_________________________________________

TAMMY REESE, COUNTY CLERK

COUNTY OF KAY, STATE OF OKLAHOMA

SECRETARY, COUNTY EQUALIZATION BOARD

 

(SEAL)

 

 

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