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Fact Sheet: Property Taxes in Oklahoma (April 2009)

April 8th, 2009 | Published in:

Property taxes, also known as ad valorem taxes, are the largest single local government revenue sources in Oklahoma (52 percent of local government tax revenue). Oklahoma has among the nation's lowest property taxes. Two proposals being considered by the 2009 Legislature would lower the annual cap on property tax increases. This fact sheet summarizes major elements of  Oklahoma property taxes.