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Published May 29, 2012, 06:48 PM

New proposal would give North Dakotans property tax break

Bismarck, ND (WDAY TV) - A proposal would give North Dakota homeowners a break on their property taxes.

By: WDAY Staff Reports, WDAY

Bismarck, ND (WDAY TV) - A proposal would give North Dakota homeowners a break on their property taxes. The Legislature's interim Taxation Committee reviewed the bill today.

Homeowners who use their home as s primary residence wouldn't have to pay property tax on the first $75,000 of the home's value. The exemption would rise to $125,000 if the homeowner was at least 65 years old.

A homeowner would have to apply for the tax break every year. Lawmakers took no action on the bill.

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