Will North Dakota Vote to Eliminate Property Taxes?
North Dakota is considering a proposal that would make it the first state in the country to completely eliminate real estate taxes that help these towns, counties and local entities regularly take in about $810 million annually. If this is passed, this would be the first time since 1980, when Alaska got rid of its income tax, that a state has discontinued a major tax.
Fox Business Network’s Liz Claman weighed in on saying that this amendment isn’t as popular as it seems it would be. She said, “The voters are looking at this on both sides of the aisle and saying,
‘You know what, this would lead to questions if we ban property taxes of how would we maintain our parks? How would we build a new school? How do we keep our roads looking healthy and good and safe?’ So, these are questions that are all arising.”
Claman says the polls are showing that a large number of people are against this ban of property taxes.
“You’re looking at right now a state that is 14th, as far are highest property taxes are concerned, which is pretty high for North Dakota considering its 49th when it comes to population,” she said.
She also went on to say that North Dakota Governor Jack Dalrymple (R) is against this ban because without the tax reserves that property taxes bring in he doesn’t know how the surplus would be preserved.
