North Dakota representative has new idea to cut property tax

Fargo, ND (WDAY TV) - A North Dakota Representative is promoting a new idea to cut property taxes in half. Jim Kasper's plan would do just that if you own a home worth $300,000 or less. It would exempt the first $150,000 of taxable value on all property across the state.

Right now if you live in Fargo in a $300,000 you pay about $5,200 in taxes. Under Kasper's plan it'd end up being $2,600. Oil tax revenue will be used to make up the loss.

Representative Jim Kasper – (R) Fargo: “We have the tremendous resources in the western part of North Dakota that's going to continue that's a 30 to 50 year exploration it's not going to go away quick.”

If you would like to see how Kasper's proposal would affect your tax bill we set up a link to the Cass property tax calculator. Just click on the easy link and choose property tax.

Tags: north dakota, news, money, updates