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Reply to "North Dakota Ballot Measure to get rid of Property Tax"
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[quote=Anonymous]https://www.marketwatch.com/story/north-dakota-voters-could-end-property-taxes-and-pour-gas-on-the-spark-of-a-growing-tax-revolt-f32ae8db If the ballot measure passes, North Dakota would become the first U.S. state to end property taxes. Its passage could also add muscle to the push to eliminate the tax elsewhere, property-tax skeptics say. The idea has been floated in states like Texas, Nebraska and Michigan, while lawmakers in the Great Plains and Mountain West states say big reforms are needed quickly. Property taxes are the “most egregious and least moral of all the taxes,” according to Rick Becker, chair of the organization that put Measure 4 on the North Dakota state ballot. The ballot measure would repeal residential, commercial and agricultural property taxes, he noted. These taxes uses opaque formulas to make homeowners keep paying for property they already own, he said. They’re also based on the “unrealized” paper value of a home, he added.[/quote]
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