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<blockquote data-quote="Traxion" data-source="post: 447130" data-attributes="member: 983">Market value is driving it for them.&nbsp; I don't know of the ND system specifics, but in SD we just passed a limitation on valuation increases.&nbsp; But, my house has well over doubled in value in 10 years, and that isn't on paper.&nbsp; I could literally sell it today for well over double what I paid.&nbsp; That alone is incredible and didn't just pop up since they floated the idea of a max. percentage increase.&nbsp; I have no idea how this pace can continue as it's essentially not viable for much of the working population in my area.&nbsp; SD played with a lot of ideas this session and the underlying truth that kept appearing was that the revenue had to come from somewhere.&nbsp; We don't have an income tax, give tax exemptions to huge industries in the state, and have reduced our sales tax in recent years.&nbsp; We don't spend frivolously either.&nbsp; The bottom line is that we need XX amount to keep the state running and nobody can settle on an alternative to property taxes.&nbsp; But we are sitting on a pot full of gold like you Nodak folk are either LOL.&nbsp; When the legislature meets, there is never much talk of cutting.&nbsp; It's always add or add money to maintain. That isn't changing and I doubt our property tax system will either.</blockquote>

[QUOTE="Traxion, post: 447130, member: 983"] Market value is driving it for them. I don't know of the ND system specifics, but in SD we just passed a limitation on valuation increases. But, my house has well over doubled in value in 10 years, and that isn't on paper. I could literally sell it today for well over double what I paid. That alone is incredible and didn't just pop up since they floated the idea of a max. percentage increase. I have no idea how this pace can continue as it's essentially not viable for much of the working population in my area. SD played with a lot of ideas this session and the underlying truth that kept appearing was that the revenue had to come from somewhere. We don't have an income tax, give tax exemptions to huge industries in the state, and have reduced our sales tax in recent years. We don't spend frivolously either. The bottom line is that we need XX amount to keep the state running and nobody can settle on an alternative to property taxes. But we are sitting on a pot full of gold like you Nodak folk are either LOL. When the legislature meets, there is never much talk of cutting. It's always add or add money to maintain. That isn't changing and I doubt our property tax system will either. [/QUOTE]

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