Posted on 10/21/2024 7:02:16 PM PDT by chickenlips
Voters in North Dakota have a chance to put an end to property taxes.
A ballot measure in North Dakota will give voters a choice to end property taxes in the Peace Garden State.
Steve Moen, one of the many voices calling for property taxes to be abolished, shared, “The way our taxes are going, if this doesn’t pass, there’s going to be a lot of elderly citizens losing their homes.”
Rick Becker, the chair of the organization, that helped put the measure on North Dakota’s state ballot, shared, “property taxes are the most egregious and least moral of all the taxes.”
North Dakota voters could end property taxes — and intensify a tax revolt https://t.co/jn1TsNlkmg
— MarketWatch (@MarketWatch) October 21, 2024
Per North Dakota Monitor:
Supporters and opponents of a measure to abolish assessment-based property taxes in North Dakota are at loggerheads over how the proposal would affect the state’s retired population.
The ballot measure, which will go before North Dakota voters on Nov. 5, would fundamentally overhaul the state’s property tax system, which funds schools, emergency services, parks and other essential government functions.
If the proposal is approved by voters, the state would have to reimburse local governments every year by an amount no less than the property taxes those entities levy for the 2024 tax year.
Steve Moen, a retiree and Grand Forks resident, has been involved in the push to repeal assessment-based property taxes in North Dakota for about a decade. He was on the sponsoring committee that helped put the measure on the ballot.
“The way our taxes are going, if this doesn’t pass, there’s going to be a lot of elderly citizens losing their homes,” Moen said, referring to both tax and cost-of-living increases.
(Excerpt) Read more at wltreport.com ...
Not the best written article; it seems to be missing some important details. I'm not sure what this means:"If the proposal is approved by voters, the state would have to reimburse local governments every year by an amount no less than the property taxes those entities levy for the 2024 tax year."
What's the scoop ND FReepers?
Never been there but I know someone who graduated from the top business school in Hungary.
They were taught property tax was the cruelest of all taxes because you always owe the state rent, and if you can’t pay you’re kicked out on the street.
You don’t even get the difference in your equity vs. what you owe.
Hence Hungary does not tax your personal home.
Probably legislative inertia.
NoDak’s oil output has peaked. The decline in shale tends to be pretty steep.
The new oil darling is New Mexico, but it will peak too. Shale simply is destined to do that.
Wish it was Texas - property taxes here are higher than they were in CA. And in a house valued at considerably less.
For those who haven’t been to North Dakota recently the farmers there are quite wealthy and the whole state is doing well from oil and gas. I am certain they despise having to pay property tax when the state is swimming in energy cash. In Western North Dakota at night you see oil rigs burning off methane everywhere.
Personally, I oppose Property Taxes, Sales Taxes, Excise Taxes, Social Security Taxes, and Income Taxes.
Oh yeah, I also oppose government running deficits.
A long time ago there was an idea of consumption tax. That made sense.
Can tracking take the place of shale production as it drops off?
Fracking?
I don’t really understand how property taxes are constitutional. You never own your property if you have to pay the government for the privilege of living on it. If nothing else, it seems it could be stretched to be a violation of the 3rd amendment.
That may be true, but we have no state income tax like Newsomland.
AI:
California’s complex tax system and high rates make it one of the highest-taxed states in the country, particularly for high-income earners. However, the progressive structure means that lower-income residents pay significantly lower rates.
Prairie dogs would hate it if I moved there.
And a Republic-destroying national debt approaching $35 TRILLION!!!
So….tax the rich?
How about spending a lot less.
That's crazy talk!
Property taxes cover a range of local, county, & state expenditures. Given the “ending of property taxes”, will the property owners then receive bills from the PDs, schools, etc?
I am okay with property taxes. Those taxes provide police and fire protection and garbage collection. There is no free lunch. To live in a civilized society, we have to finance essential services. If property taxes are lowered, sales tax will have to zoom upwards.
Government will get their money from “somewhere”.
If not from property tax, then from sales tax or from income tax.
But they will get it from somewhere.
You could bill the community like an insurance policy. If you want to pay in advance for police or fire protection, you can. If you don’t, you will pay for each instance you use their services. And police are not cheap, you have to pay their salary, the wear-and-tear on their vehicle, their worker’s comp insurance, etc. Calling the cops could set you back a couple grand, or, you pay in advance. Same with fire, but being kicked out of a house you have spent you life in because you can no longer afford the taxes doesn’t seem right.
Originally, only property owners could vote.
Now everybody is able to vote for picking the pockets of property owners via taxation
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