Supreme Court of Oklahoma
The Icon at Norman Apts, Lp v. Douglas Warr, Cleveland County Assessor
June 17, 20252025 OK 42
Summary
The Oklahoma Supreme Court held that the transfer of partnership interests in a limited partnership owning real property does not constitute a transfer of title to the real property for purposes of the constitutional five‑percent valuation cap, vacated the Court of Tax Review’s summary‑judgment order and remanded for further proceedings. The Court reviewed the summary‑judgment grant de novo and interpreted the constitutional and statutory language to require an actual change in legal title to the land, not merely an equitable interest.