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<blockquote data-quote="Colt45" data-source="post: 421470" data-attributes="member: 1693"><p>I understand the frustration with property tax.</p><p>Currently there is no state property tax, at least to my knowledge. I am just a simple home owner, and my property taxes is collected by the county. </p><p>The proposed measure would end property tax based on assessed value of property and rely on the STATE to fund budgets for counties, cities and school districts. </p><p>Special assessments will still be done, but they cannot be tied to property tax if the measure passes. So I guess expect huge "special assessment taxes" in the future.</p><p>It has been found unconstitutional to tax out-of-state people but not in-state, so good luck trying to stick it to out of state land owners unless the state constitution is changed.</p><p></p><p>The State of North Dakota would have to pay approximately $1.329 billion more per year to make up for lost property taxes that provide vital public services. Where is that money going to come from? I am all for slashing spending, but what spending is targeted to be slashed?</p><p></p><p>I am planning on voting to eliminate property taxes as of now, but I see big trouble on the horizon with how 1.3 billion dollars will be replaced. All I can say is good luck slashing spending by 1.3+ billion per year also (2.6+ billion per biennium) I have zero confidence in our elected reps to figure this out if property tax is just eliminated, someone will get burned I guarantee it, just hope it isn't me or the working people.</p></blockquote><p></p>
[QUOTE="Colt45, post: 421470, member: 1693"] I understand the frustration with property tax. Currently there is no state property tax, at least to my knowledge. I am just a simple home owner, and my property taxes is collected by the county. The proposed measure would end property tax based on assessed value of property and rely on the STATE to fund budgets for counties, cities and school districts. Special assessments will still be done, but they cannot be tied to property tax if the measure passes. So I guess expect huge "special assessment taxes" in the future. It has been found unconstitutional to tax out-of-state people but not in-state, so good luck trying to stick it to out of state land owners unless the state constitution is changed. The State of North Dakota would have to pay approximately $1.329 billion more per year to make up for lost property taxes that provide vital public services. Where is that money going to come from? I am all for slashing spending, but what spending is targeted to be slashed? I am planning on voting to eliminate property taxes as of now, but I see big trouble on the horizon with how 1.3 billion dollars will be replaced. All I can say is good luck slashing spending by 1.3+ billion per year also (2.6+ billion per biennium) I have zero confidence in our elected reps to figure this out if property tax is just eliminated, someone will get burned I guarantee it, just hope it isn't me or the working people. [/QUOTE]
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