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Coronavirus in Oklahoma: Assessor 'must wait and see' virus effects on property values

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Oklahoma County Assessor Larry Stein said Friday that it will be next year before his office can consider the effect of the coronavirus on property values, if there are any.

"The statutes require on January 1, 2020, the values for ALL property are set for the year of 2019," Stein said in a press release. "Appeals for 2020 are based upon the market conditions up to December 31, 2019, long before the COVID-19 virus impacted Oklahoma and the United States. The impact of the virus on property values in Oklahoma County will be evaluated as part of the decision-making process NEXT calendar year, as the law requires.

"Our staff will undertake a complete re-evaluation of ALL of the nearly 330,000 parcels of property in Oklahoma County’s 720 square miles this year to determine any impact on property values. The results of that evaluation could have ripple effects for years to come. Our staff will do everything we can to address those impacted and consider any changes of value for ALL property at the appropriate time. My staff will do everything possible to take into consideration the impact of the COVID-19 virus has had on the value of homes or businesses."

Stein added, "We are hoping and praying for a tremendous economic recovery. Billions of dollars in federal help through loans/grants were made available to businesses. In addition, many businesses have insurance policies that protect them from lost revenue and actions beyond their control. Those funds and insurance protection may change the economic forecast and affect the property values in our county. The law requires we must wait and see."

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<figure><img src="//cdn2.newsok.biz/cache/r960-08b9aab69fd872f87b213cf0f64e59a2.jpg" alt="Photo - " title=""><figcaption></figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-82af2431dede52b444e308239b88017f.jpg" alt="Photo - Lacie Morgan, left, and her children, fifth-grader Paizley Morgan, 11, sixth-grader Sheckler Morgan, 12, and fourth-grader Journey Morgan hold signs as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman] " title="Lacie Morgan, left, and her children, fifth-grader Paizley Morgan, 11, sixth-grader Sheckler Morgan, 12, and fourth-grader Journey Morgan hold signs as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman] "><figcaption>Lacie Morgan, left, and her children, fifth-grader Paizley Morgan, 11, sixth-grader Sheckler Morgan, 12, and fourth-grader Journey Morgan hold signs as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman] </figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-b4a213153291a9a982e9b03d2902ba48.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-50d735cd06a9a4e6f1430a6d88f8aefb.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-b337a06caf464d3d1800f35a8fa6ecb0.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-a47dd92f7b197a7543bfaf149af07d21.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-95a7b4b5fa7f7373030c8d026070a72c.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-5211526f22948b0714e1d2a51c1b838c.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. 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[Bryan Terry/The Oklahoman]"><figcaption>Oakridge Elementary students first -grader Isaac Madden 6, left, fifth-grader Emma Madden, 11, third-grader Evan Madden, 8, along with their three-year-old brother Hudson Madden hold signs as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-93f04a90d4550399c18be715df303f4d.jpg" alt="Photo - Vehicle line up at Oakridge Elementary before starting a faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Vehicle line up at Oakridge Elementary before starting a faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Vehicle line up at Oakridge Elementary before starting a faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-ee355cc3d8701f28e2f423b2c3148a4c.jpg" alt="Photo - Cars are decorated as they wait to start an Oakridge Elementary faculty caravan in neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Cars are decorated as they wait to start an Oakridge Elementary faculty caravan in neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Cars are decorated as they wait to start an Oakridge Elementary faculty caravan in neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-007d247df661b27ea9adc6f060beba98.jpg" alt="Photo - Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Families wave as an Oakridge Elementary faculty caravan drives through their neighborhood around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-9f39f51696786d2c31091d86a4dace28.jpg" alt="Photo - Michelle Flipski, a kindergarten teacher assistant hands kindergarten teacher Lindsey Scott poster baord to decorate before an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Michelle Flipski, a kindergarten teacher assistant hands kindergarten teacher Lindsey Scott poster baord to decorate before an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Michelle Flipski, a kindergarten teacher assistant hands kindergarten teacher Lindsey Scott poster baord to decorate before an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-23eb9edf2c50e10b27299d32b792ea36.jpg" alt="Photo - Julie Rutledge, a secretary Oakridge Elementary, waits in a car before an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Julie Rutledge, a secretary Oakridge Elementary, waits in a car before an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Julie Rutledge, a secretary Oakridge Elementary, waits in a car before an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-648fad880c25a92b97e2d3ce6f7c446c.jpg" alt="Photo - Michelle Flipski, a kindergarten teacher assistant, gets in her car before starting an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Michelle Flipski, a kindergarten teacher assistant, gets in her car before starting an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Michelle Flipski, a kindergarten teacher assistant, gets in her car before starting an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-eb68d5d07605bb00aa45396f7eb357f2.jpg" alt="Photo - Noah Garvie, 6, an Oakridge Elementary kindergarten student, holds a sign as he waits for an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]" title="Noah Garvie, 6, an Oakridge Elementary kindergarten student, holds a sign as he waits for an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]"><figcaption>Noah Garvie, 6, an Oakridge Elementary kindergarten student, holds a sign as he waits for an Oakridge Elementary faculty caravan through neighborhoods around the Moore school, Tuesday, March 24, 2020. [Bryan Terry/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-b8d5c7441215a4a9820986094b872bd1.jpg" alt="Photo - Gov. Kevin Stitt, Kayse Shrum and Jerome Loughridge leave the Governor's office heading to the Blue Room before the media briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]" title="Gov. Kevin Stitt, Kayse Shrum and Jerome Loughridge leave the Governor's office heading to the Blue Room before the media briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]"><figcaption>Gov. Kevin Stitt, Kayse Shrum and Jerome Loughridge leave the Governor's office heading to the Blue Room before the media briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-9ae424cdaebbc811c0f30bde7198a5fa.jpg" alt="Photo - Gov. Kevin Stitt, Kayse Shrum and Jerome Loughridge leave the Governor's office heading to the Blue Room before the media briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]" title="Gov. Kevin Stitt, Kayse Shrum and Jerome Loughridge leave the Governor's office heading to the Blue Room before the media briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]"><figcaption>Gov. Kevin Stitt, Kayse Shrum and Jerome Loughridge leave the Governor's office heading to the Blue Room before the media briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-1069fb43892ef5e042e583972e2c8679.jpg" alt="Photo - Gov. Kevin Stitt, Kayse Shrum and Jerome Loughridge wait outside of the Blue Room before the media briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]" title="Gov. Kevin Stitt, Kayse Shrum and Jerome Loughridge wait outside of the Blue Room before the media briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]"><figcaption>Gov. Kevin Stitt, Kayse Shrum and Jerome Loughridge wait outside of the Blue Room before the media briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-817dbe5507a3ea10b04cc05c9705606c.jpg" alt="Photo - Gov. Kevin Stitt, Kayse Shrum and Jerome Loughridge wait outside of the Blue Room before the media briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]" title="Gov. Kevin Stitt, Kayse Shrum and Jerome Loughridge wait outside of the Blue Room before the media briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]"><figcaption>Gov. Kevin Stitt, Kayse Shrum and Jerome Loughridge wait outside of the Blue Room before the media briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-e87eba50b0ec9333748210e959b725a2.jpg" alt="Photo - Gov. Kevin Stitt addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]" title="Gov. Kevin Stitt addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]"><figcaption>Gov. Kevin Stitt addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-353ef0f8933cfed596b59f793588dc29.jpg" alt="Photo - Gov. Kevin Stitt addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]" title="Gov. Kevin Stitt addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]"><figcaption>Gov. Kevin Stitt addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-2051545db67f55ce9c57ef139d159edc.jpg" alt="Photo - Kayse Shrum addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]" title="Kayse Shrum addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]"><figcaption>Kayse Shrum addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-6868e07febb0e32caf63251542fdee65.jpg" alt="Photo - Jerome Loughridge addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]" title="Jerome Loughridge addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]"><figcaption>Jerome Loughridge addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-10167d657defbf493544324c2a37025f.jpg" alt="Photo - Gov. Kevin Stitt addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]" title="Gov. Kevin Stitt addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]"><figcaption>Gov. Kevin Stitt addresses the the media during a briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]</figcaption></figure><figure><img src="//cdn2.newsok.biz/cache/r960-eb2b1274d1cf42b122bb2539858e4320.jpg" alt="Photo - Gov. Stitt leaves the briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]" title="Gov. Stitt leaves the briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]"><figcaption>Gov. Stitt leaves the briefing for the Governor's Solution Task Force to provide an update on Oklahoma's COVID-19 response in the Blue Room of the Capitol Wednesday, April 15, 2020. [Photo by Doug Hoke/The Oklahoman]</figcaption></figure>
Richard Mize

Real estate editor Richard Mize has edited The Oklahoman's weekly residential real estate section and covered housing, commercial real estate, construction, development, finance and related business since 1999. From 1989 to 1999, he worked... Read more ›

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