Ap-Prescott One Ten LP v. Clay

OPINION

GARRETT, Judge:

11 This action involves the assessed value and ad valorem tax on Appellant's real property in Tulsa.1 Appellant seeks review and reversal of the trial court's order dismissing its appeal of the County Assessor's assessed value of this property.

2 In 1998, the fair cash market value of this tract [and improvements] was determined to be $20,100,000.00 by the Assessor. The assessed value and the ad valorem tax was based on that market value. Late in the year, 1998, this property was sold for $28,550,000.00. In 1999, the Assessor determined its fair cash market value to be…