Proposal would end ND rural property tax exemption
BISMARCK, N.D.—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.