Property Tax Slow-down Bill Wins Approval

Senator Jim Reynolds’ bill to slow down property tax increases received the approval of the Senate Appropriations Committee Wednesday. It next goes to the full Senate.

Senate Joint Resolution 59 would send to a vote of the people Reynolds’ proposal to cap at 3% the amount that property value assessments can grow each year. Reynolds said the current cap of 5% is too high.

“The number one complaint I hear from my constituents is that their property taxes are growing too fast,” said Reynolds, R-Oklahoma City.

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