Property Tax Cap

By KWGS News

Tulsa, OK – Each year your home's value is assessed. The state legislature wants to cap increases at three percent. Currently the cap is at five percent.

The head of the Oklahoma Policy Institute says the proposal is not well thought out. David Blatt says the plan could hurt more than it could help. He says school districts, health departments, libraries and technology centers could lose millions of dollars if the proposal is passed.