County assessor reports 5.51% overall valuation increase; Board of Equalization formally closes 2025 session

Oklahoma County—s assessor staff on July 30 presented the county—s fiscal year 2025 assessed valuation report and told the board that overall assessed value increased by 5.51 percent compared with the prior year. The county—s Board of Equalization met later in the morning and formally closed its 2025 hearing session.

Blake Ellis, comptroller for County Assessor Larry Stein, presented the report and described the timing and contents. "Once we receive public service information, we have 10 days to complete the report," Ellis said, noting he finished the compilation late the night before and printed the final materials the morning of July 30 so the county could meet the filing deadline. He said the first pages separate values by school district, remove TIF increments where applicable, and include breakout sheets for each city, VOTEC and school entity.

Ellis gave key valuation figures: "It was overall 5.51%." He said real-estate values were a major driver, at roughly 6.35% growth, and commercial personal property increased about 2.3%. He also told the board that increases can be reduced by new exemption filings, such as homestead exemptions, and that public-service values were down slightly. He advised that tax-roll corrections for previous years (for example, 2024 or earlier) can be addressed after certification and will not be reflected in the current report.

Later in the day the Board of Equalization — with members present and voting — approved minutes and discussed the board—s 2026 schedule. The board accepted that it will convene next year as mandated by state law and indicated it will begin meeting April 1 through May 31 when regular hearings are scheduled; the clerk noted the board is authorized to meet before April 1 for special circumstances and that the county budget board may extend the hearing period past May 31 (the budget board extended the sessions this year through July 31). The board then voted to close the 2025 Board of Equalization hearings, noting that residential and commercial appeals had been completed.

The assessor—s office will sign and file the valuation report with the state auditor—s office; the clerk—s office will collect board signatures and the auditor—s office will publish county reports on its website once submitted.