North Dakota's new governor eyes 'path to zero' property tax on people's homes. Can it be done?
The IndependentThe latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. When combined with an expanded property tax credit for income-eligible seniors and people with disabilities, Armstrong said that initial $1,550 would “eliminate property taxes for an entire class of homeowners who need that relief the most, and it would put the bulk of primary residences on a path to zero within the next decade.” Rising property taxes have frustrated homeowners nationwide. 3 U.S. oil producer North Dakota is unusual in that the state raises enough from severance taxes “that it's not out of the question to replace the property tax in the way that it would be in most other states," Walczak said. Cuts to income taxes vs. property taxes were a smoldering issue of North Dakota's 2023 session, which resulted in a raft of property tax credits and income tax cuts estimated at $515 million. North Dakota lawmakers have said their constituents complain much more about property taxes than their income tax.