Oklahoma Representative Robert Manger wants to ask Oklahoma voters to freeze the property taxes of senior citizens, if they meet certain criteria. Under House Joint Resolution 1001, voters would be asked that a home’s value would be locked in if a person turns 65-years old, has lived on the property for at least ten years, and the property’s fair cash value does not exceed $500,000.
“This measure is about protecting our seniors and eliminating the worry about property taxes skyrocketing as they retire,” Manger said. “By freezing taxable property values for qualifying seniors, we are helping them maintain stability and control over their financial future.”
If the Legislature passes HJR 1001, it will go to the voters because it requires a constitutional amendment.
