ND House Passes Property Tax MeasuresNorth Dakotans have been asking for property tax relief, and if the state House's action is any indication, they will get it.
North Dakotans have been asking for property tax relief, and if the state House's action is any indication, they will get it.
Representatives passed two property tax measures, bringing the total amount of property tax relief to $742 million. One bill is the Governor's plan on a new way to fund education, sending dollars directly to schools. The state will pick up a greater share of the cost of K-12 schools, meaning fewer dollars will need to come from local property taxes. Another bill compliments the education funding plan with a property tax credit for all property. Together the bills will reduce property taxes by 35 percent. The House previously approved a measure to lower individual and corporate taxes, also by 35 percent. Together, the current plans to reduce property, income and corporate taxes equal $1.2 billion.