Property tax caps may reduce funding for local towns

North Dakota’s Property Tax Reform Proposals: A Three-Part Approach

North Dakota’s financial position provides it with a rare capacity to deliver meaningful property tax relief. However, policymakers must balance immediate relief with fiscal sustainability and ensure that local governments remain adequately funded in the years ahead.

Property tax caps may reduce funding for local towns

The North Dakota State Legislature is considering a bill that would cap annual property tax increases for local governments at three percent.