North Dakota's new governor eyes 'path to zero' property tax on people's homes. Can it be done?
- North Dakota's new governor, Kelly Armstrong, proposes a plan to eliminate residential property taxes using oil revenue, aiming for a 'path to zero' property tax on homes.
- The plan includes starting with $483 million from the general fund and a primary-residence tax credit offering initial relief of up to $1,550 per year.
- Fargo Mayor Tim Mahoney expressed concerns about the sustainability of the proposal, noting property taxes fund 40% of the city's budget.
- The Legacy Fund's earnings, surpassing $600 million, are key to supporting this tax relief plan, highlighting North Dakota's unique revenue situation.
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Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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