Despite the ups and downs of the Chinese coronavirus, Tulsa County school districts and other property tax funded groups won’t see a downturn in 2021.

That’s according to a recent study by Tulsa County Assessor John Wright.

“They can breathe a lot easier,” said Wright, who recently met with area educators who are anxious about a drop in property tax revenue. He said their fears are unfounded.

“This county is very stable,” he said.

Wright reported that the preliminary countrywide valuation will increase 3.5% from 2020 to 2021.  The entire valuation for Tulsa County is expected to rise to $6,753,821,143.

The breakdown for all of the taxable property in Tulsa County is 55.7% residential property;  26.5 commercial property; 12.3 percent personal property and 4.8% property in public service.

There was a drop off in filings in 2020 due to the pandemic, Wright said.

Prices for real estate are skyrocketing and that could have an impact on property taxes, too. But Wright said is a 3% cap on raising the valuation of residential property and 5% on commercial property.

“We pay very close attention to the events of the day,” Wright said.

The schools know better how much property tax they will receive after estimates are voted on by the Excise Board.

Tulsa Community College, Tulsa City/County Libraries and Vo-Tech also get property tax revenues.