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Published March 23, 2012, 01:51 PM

Proposal would end ND rural property tax exemption

BISMARCK, 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.

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