House Approves Property Tax Relief Bills - KXNet - Bismarck/Minot/Williston/Dickinson

North Dakotan's have been asking for property tax relief.

And if the state House's action is any indication -- they will get it.

Representatives passed two property tax measures that bring the total amount of property tax relief to $742 million.

One bill is the Governor's plan on a new way to fund education sending dollars directly to schools.

By the state picking up a greater share of the cost of K-12 schools, less money needs to come from local property taxes.

Another bill compliments the education funding plan with a property tax credit for all property.

Together the bills will reduce property taxes by 35 percent.

Rep. Mike Nathe says, "we are putting more money than ever in K-12. And as a result of that we will see historic savings for our property tax owners in North Dakota."

"It's been suggested that the majority party hasn't heard the cries from home on property taxes. I believe this bill suggests something different. I believe it says we have heard and are responding. I believe we are doing it in a way that is both affordable but more importantly, sustainable," says Representative Craig Headland of Montpelier.

The House previously approved a measure to lower individual and corporate taxes also by 35%.

Together the current plans to reduce property, income and corporate taxes equals $1.2 billion.