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Oklahoma Voters to Decide on Tax Amendment | Tulsa News
Description
On October 8th, Oklahoma legislators are addressing rising homeownership costs through State Question 847, set for the November 3 ballot. This measure adjusts property value assessment caps, lowering it from 3% to 1.75% for homesteads and agricultural properties. Seniors over 65 may benefit from tiered caps based on income. While Republican support highlights relief for families amid inflation, Democrats warn of potential funding issues for local services like schools due to reduced property
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