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North Dakota Governor's tax plan seeks $503.3M in property tax relief, faces some opposition.
North Dakota Governor Kelly Armstrong's property tax plan, HB1176, proposes increasing the primary residence tax credit from $500 to $1,450 and expanding income limits for eligibility.
It also caps property tax increases at 3% for local entities over five years.
The bill, which could provide $503.3 million in tax relief from 2025-2027, has received unanimous support from the Senate Finance and Tax Committee but faces opposition from some senators who want to redirect some benefits to farmland and commercial property owners.
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El plan tributario del Gobernador de Dakota del Norte busca $503,3 millones en desgravación de impuestos a la propiedad, enfrenta cierta oposición.