Major Property Tax Bill Clears Committee

Rep. Craig Headland, R-Montpelier. (Mary Steurer/North Dakota Monitor)

(Mary Steurer – North Dakota Monitor) – A nearly $500 million property tax overhaul championed by the governor cleared its first hurdle n the North Dakota House.

House Bill 1176 is based on a plan proposed by Gov. Kelly Armstrong earlier this year to roughly triple a property tax credit for homeowners.

The bill would cap annual property tax increases for local governments at 3% each year. The program would be funded in part with earnings from the state’s Legacy Fund.

The House Finance and Taxation Committee voted 12-2 Thursday evening to forward the bill to the House Appropriations Committee.

Rep. Ty Dressler, R-Richardton, and Rep. Dennis Nehring, R-Williston, were the only no votes.