North Dakota: Limit for state property tax sought

Thu, Feb 3 2011 — Source: Bloomberg Business Week

Limiting the growth of local governments’ property tax revenues would help older North Dakotans avoid being pushed to sell their homes because they could no longer afford the tax bills, legislators and agriculture lobbyists said Tuesday. “My approach is simply this: You’ve got to slow the growth of spending by all the taxing authorities and make them live within a budget that is reasonable,” Rep. Jim Kasper, R-Fargo, said during a North Dakota House Finance and Taxation Committee hearing.

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