Proposal would end ND rural property tax exemptionBISMARCK, N.D. (AP) — Lawmakers are considering an overhaul of the state's property tax laws for North Dakota home owners.
BISMARCK, N.D. (AP) — Lawmakers are considering an overhaul of the state's property tax laws for North Dakota home owners.
All home owners would be eligible for a state property tax credit. An existing property tax exemption for North Dakota farm homes would be abolished.
The North Dakota Legislature's Taxation Committee is going over a bill to make the tax changes.
It's likely to get resistance from rural lawmakers. Montpelier Rep. Craig Headland says it would mean a tax increase on rural residents.
Right now the Legislature sets aside almost $350 million every two years for property tax reductions for homeowners, farmers and businesses.
The plan would provide a partial property tax credit for North Dakota homes only. The size of the credit hasn't been determined.