Oklahoma House committee approves property tax proposals
OKLAHOMA CITY, Oklahoma: An Oklahoma lawmaker wants to limit property tax increases with not one, but two proposals currently being considered in legislative session. On February 23, 2011, the House Rules Committee approved the two measures sponsored by State Representative David Dank, HJR 1001 with a vote of 12-1, and HJR 1002 with a vote of 11-2. The measures will now head to the full House for debate.
House Joint Resolution 1001 would put a 3 percent annual cap on future property tax increases. The other measure, House Joint Resolution 1002, would put a permanent freeze on property tax levels for senior citizens who exceed 65 years of age.
The Oklahoma State Legislature can approve a proposed amendment by a majority vote in both chambers. If the measures are granted ballot access, they would appear on the November 2012 ballot for voters to decide.