FOR IMMEDIATE RELEASE FOR MORE INFORMATION

June 29, 2021

Larry Stein (405) 713-1201 cell (405) 361-9307

$73-Billion Total Market Value in OK CO Property Values Increase 2.2% from 2020 to 2021 Up More than 123% Since 2005 Oklahoma County Assessor Larry Stein recently filed the abstract for Oklahoma County with the Oklahoma Tax Commission (OTC). It shows the county has more than $73-billion worth of property. The abstract shows an increase from last year of 2.2-percent. Oklahoma County represents approximately 22-percent of the entire State of Oklahoma’s property value estimated at $326-billion in the nearly 70,000 square miles that make up Oklahoma.

“An abstract of our county is the foundational document which contains information needed by public schools, cities and towns and other beneficiaries of property taxes,” Stein said. “In addition to the $73-billion value, public service property be added in a later filing by our office will increase the total value to more than $75-billion in the 720 square miles that make up Oklahoma County,” Stein said. “In 2005, the total value of all the property in Oklahoma County was around $32.6- billion. That is an increase of more than 123-percent in the last 16 years. Because of the constitutional limitations on real property first-passed by voters in 1996, Oklahoma County residents have saved more than $1-billion in property taxes,” Stein said.