In a time when many Oklahomans' incomes have stopped increasing one thing remains constant. The steady 5% increase of property tax assessments. This unfairly punishes Oklahoma home owners.
Representative Murphey has proposed legislation that places a temporary freeze on these assessments as he believes the property tax is the most unfair form of taxation.
This freeze would take place over a two year time period after which time the cap on new assessments could never be higher than 2.5% and could be as low as 0%.
Murphey has also sponsored an amendment requested by Logan County Commissioner Mark Sharpton which would increase the homestead exemption for homeowners. This would have the effect of driving down the level of property taxes. Murphey and Sharpton claim it has been years since the homestead exemption was placed at it's current level. In those years both property taxes and inflation has shot upward without the homestead exemption being increased. Murphey and Sharpton feel this is an injustice to those who own homes.
Rep. Murphey with High School students from Crescent.