Tag: property tax

State Question 766: Intangible property ballot measure would have tangible consequences

This blog post was authored by Michelle Cantrell, a tax specialist residing in Tulsa One of the six ballot measures facing voters this November is State Question 766, which asks Oklahomans whether the state should have the authority to tax… Read more [More...]

Property tax "cuts" create winners and losers

Two state questions related to property taxes will be on the November ballot. SQ 758 would reduce the maximum annual increase in assessments of homes and agricultural land from 5 percent to 3 percent. SQ 766 would exempt all intangible… Read more [More...]

New poll shows Oklahomans oppose income tax cut proposals

A poll released today by the Oklahoma Advocacy Project reveals strong opposition among Oklahomans to proposals for reducing and eliminating the state income tax. The poll finds that large majorities oppose a tax cut if it means less funding for… Read more [More...]

Surprise! States without an income tax have higher sales and property taxes

States without an income tax rely on other taxes to fund government. Far from discovering magical, revenue boosting powers by not having an income tax, these states simply charge higher sales and property taxes. A new report from the Center… Read more [More...]

Betting the Farm: Ending the income tax creates huge risks for rural Oklahoma

Could doing away with Oklahoma’s income tax shift taxes not only onto low and middle–income families but also from urban areas to rural areas? Many programs, services, and incentives important for rural Oklahoma rely on our existing revenue structure and… Read more [More...]

Why Oklahoma needs an income tax

With the Governor and legislative leaders talking about doing away with Oklahoma’s state income tax, it’s worth taking a look at how the tax affects Oklahomans and why it is important. In an OK Policy fact sheet released today, we… Read more [More...]

The Weekly Wonk – March 11, 2011

What’s up this week at Oklahoma Policy Institute?  The Weekly Wonk is dedicated to this week’s events, publications, and blog posts. Once again, property tax cuts are on the table this legislative session.  OK Policy took a close look at… Read more [More...]

Should Oklahoma expand its property tax caps and exemptions?

Once again this session, property tax cuts are on the table in Oklahoma. Although curtailing Oklahoma’s already low property taxes with additional freezes and caps may sound appealing, a better approach would target help to people who need it without… Read more [More...]