Sen. Reynolds Urges Vote on Cap for Property Tax Valuations

State Sen. Jim Reynolds said the clock is ticking on Senate Joint Resolution 5, a measure to cut the growth of annual property tax valuations. The legislation would let Oklahomans vote to lower the current property value cap from a maximum of five percent to three percent.

“The full Senate approved this measure over a year ago, but we’re still waiting for the House to take action on SJR 5,” said Reynolds, R-Oklahoma City. “This issue remains a top concern, not just in my district, but in communities throughout the state. The voters deserve the opportunity to decide this issue for themselves.”

In 1996, Oklahoma voters approved a five percent cap on property value assessments. The intent was to keep annual property valuations under that cap, but many County Assessors have instead raised property values the maximum five percent each year.

Reynolds said it is time for Oklahomans to speak up and let their state representatives know they want the opportunity to vote on SJR 5.

“I’d urge them to call their representatives right away and let their voices be heard. This is probably the only way we will have a vote in the House of Representatives on this measure.”

The toll-free number for the House of Representatives is 1-800-522-8502, or in the Oklahoma City metro, 521-2711.