House Passes Property Tax Hike Limit

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Your property tax bill could not rise more than three percent in one year under a bill that passed the North Dakota house today.

The bill was one of three property tax-related bills on the house floor – and it was the only one of the three to pass.
The bill would allow larger increases if voters of a county approved.
Supporters of the bill say it is an effort to give homeowners better certainty about their taxes from year to year.

(Rep. Ben Koppelman (R) Fargo) “Essentially what it does is it does allow for new property coming on the books to be taxable. It would take into account tax exemptions that are going off the books or coming on the books. And it would not have any other ill conceived side effects. It simply limits the increase on your property taxes as an aggregate to three percent a year.”

Opponents say legislators should not be telling local taxing authorities how to set their rates.

(Rep. Bert Anderson (R) Crosby) “I believe all of us owe it to the local elected officials to decide what they are going to do and when they are going to do it. So I would urge a red vote.” “The final vote shows…”

In the end, representatives voted in favor of the tax hike limit, by a vote of 56-to-34. It now goes to the Senate.

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