Dank Proposes Property Tax Cap
State Rep. David Dank (R-Oklahoma City) has introduced legislation to cap annual increases in household property taxes and freeze ad valorem taxes for the elderly.
"If we don't act soon, the people of Oklahoma are going to organize a property tax revolt like California did some years ago and dramatically constrain government's right to tax," Dank said. "I cannot blame them."
Companion measures introduced by Dank would call for a vote of the people to reduce the current cap on annual property tax increases from 5 to 1 percent and freeze property taxes for Oklahomans over 65 for as long as they own their homes.
"If we don't act soon, the people of Oklahoma are going to organize a property tax revolt like California did some years ago and dramatically constrain government's right to tax," Dank said. "I cannot blame them."
Companion measures introduced by Dank would call for a vote of the people to reduce the current cap on annual property tax increases from 5 to 1 percent and freeze property taxes for Oklahomans over 65 for as long as they own their homes.
Labels: David Dank, Property Tax, Senior Issues
posted by Mike McCarville @ 9:48 AM
<< Home