The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1900-04-08
rnR ArokA APPRAIsEnENr.
when the Figures are Correctly In
derstood They are Reasonable.

placed on the property there was
excessive. The figures were cor
rectly stated, bat the method of
their statement was misleading.
In order to correct this erroneous
impression we produce the follow
ing from the Indian Citizen,
published at Atoka, which uses
the same figures but presents them
in such a manner that the appraise-
ment appears reasonable. The
Citizen says:
Last Thursday and Friday, the
owners of improved property re-
ceived the notice Of appraisement
placed upon their respective lots
upon which were substantial and
permanent Improvements This
appraisement was arrived at and
concluded upon after careful col
lection OF information. weighing
of all relations and surroundings
which duly effected the final decis-
ion. After due consideration upon
all these points then the following
law faced the commission:
When said towns are so laid
out, each lot on which permanent,
substantial and valuable improve
ments, other than fences. tillage
and temporary houses, have been
made shall be valued by the COM
mission provided for the Nation in
which the town is located at the
price a fee simple title to the same
would bring in the market at the
time the valuation is made, but not
to include in such value the i'm
provementS thereon. The owner
Of the improvements on each lot
shall have the right to buy one
residence and one business lot at
80 per centum of the appraised
value of such improved property,
and the remainder of such improv-
ed property at ga per centum of
the said market value
OF course, to arrive at market
value a record of sales made must
be obtained and then due consider
alton given to all surroundings
would make the basis for appraiSe-
ment. The commission in placing
valuations were not governed by
the fictitious and fabulous prices
put upon and given for the simple
bills of sale, right of occupancy or
equity rights that are on record of
Atoka'S real estate transactions
Nor did they deem it justice to the
Choctaw nation TO place the valua-
ton upon a fee-simple property
right at the present deprecated
values just now, due not to the
depreciation Of the land or the
title thereto. but simply a business
depression due to a combination OF
causes. The commission arrived
at what in their Judgment was a
medium and reasonable valuation
or the price they believe would be
the true market value. - There
are several records of sales OF
propositions made upon business
locations here which have run as
high as $50. front foot and on
residence locations at $40 and S. a
front foot. The prices or appraise.
ments placed by the commission
run from s. to s. a front foot,
on business lots and from S. to sc
cents a foot on residence locations
There are only very few s. front
foot business locations and they
occupy the heart of the business
center, and only a few s. front
foot residence locations and theil
close proximity to the business por.
ton augment their value. For with
very nominal growth in business
these lots Will be very valuable as
additions to the present business
locality. The mann and Imost de
sirable residence property is valued
at s. a front foot. In the mos
remote and undesirable localities.
the residence lots are as low as $3C
lot l0Oxl50 feet.