10 November 2003
According to Assessor Mike Means, home values rose 17.6 percent in Oklahoma County last year, the sort of number one associates with health-care costs or the late, lamented Oil Boom.
Mercifully, state law provides that property taxes cannot rise more than 5 percent in a single year.
And this provides more justification for buying in now before things get really out of hand. I don't see things reaching the heady heights of, say, Austin, where fairly ordinary boxes just north of the University are now going for more than a quarter of a million, but I'll happily take whatever equity I can get.
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