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WDAY: The News Leader

Published May 07, 2009, 05:25 PM

Property tax payers to see a reduction

Fargo, ND (WDAY TV) - This winter, property tax bills for homeowners in Fargo will be hundreds of dollars less than homeowners are used to. The state is giving more money to school districts. Property tax payers across the state of North Dakota should see a reduction on the bills they get in December.

By: Sarah Klaphake, WDAY

Fargo, ND (WDAY TV) - This winter, property tax bills for homeowners in Fargo will be hundreds of dollars less than homeowners are used to. The state is giving more money to school districts.

Property tax payers across the state of North Dakota should see a reduction on the bills they get in December. It's part of a nearly 400-million dollar tax relief plan introduced by Governor John Hoeven and passed by the Legislature.

Joe Sykora/West Fargo Public Schools: “The state is going to be picking up roughly another 295 million across the state for the dollar for dollar reduction in property taxes.”

West Fargo's Business Manager Joe Sykora says the district will take full advantage of this exchange by educating kids while lowering taxes to get money from the state instead, so will Fargo Public Schools.

Dan Huffman/Fargo Public Schools: “That 75 mills is gonna to mean about 18-million for this school district in property tax relief”

That's not new money for the school to spend on students. That's how much "less" the district will be taking for property tax payers. The owner of 150-thousand dollar home should see a 500-dollar reduction on their tax bill. This will now bring the state closer to its education funding goal.

“They will be close to that 70-percent, if not at it, you know, next year in terms of funding.”

This plan, which Governor Hoeven campaigned on one year ago, also cuts individual income taxes by 90-million dollars state-wide and corporate taxes by 10-million dollars.

This tax relief will last for the next two years. After that, it would have to be approved by the legislature again in order for the benefits to continue in the future.

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