The deadline to apply for two property tax relief programs is approaching. Jill Schramm has the program details on the Disabled Veteran & Homestead Tax credits at The Minot Daily News.
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TIF stands for Tax Increment Financing. In a very simplified way, It works like this. Say you want to put a second-story addition on your one-story house. The second story will add three bedrooms and $100,000 of value to your house. And you know what comes with new value, right? Yep, added taxes. That new
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It’s that time of year. The property tax notices have gone out and they’ll be landing in your mailbox soon. Take a deep breath and count to ten before you open them. Minot property owners are seeing a substantial increase largely due to the voter-approved school bond issue that’s paying for our second high school
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Property taxes — we all hate them. Naturally, as a result of our disdain, we seek to remove that which we don’t like. This attitude is prevalent in North Dakota. In the past, we’ve voted down initiated measures that sought to eliminate property tax; in the recently closed legislative session, the House killed a bill
Read & Share sourced from: Los Angeles TimesHistorically, social services in North Dakota have been delivered by the counties. But moving forward, a regionalized system made up of 19 social service units will be the new norm. Governor Burgum signed Senate bill 2124 last week; the full news release is below. — Official News Release, Governor Burgum — BISMARCK, N.D. – Gov. Doug
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Sometimes, maybe the best you can do is to make everyone angry. With three months on the job as a member of City Council and now a budget under my belt, that’s my ‘lesson learned’ at this point. And boy was that budget a doozy. If you’re not familiar with what’s coming your way, I
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The City of Minot Assessor, Kevin Ternes, released the City’s annual report Tuesday. The report is presented to Minot’s City Council which also serves as our City Board of Equalization. The 2017 True and Full Value of all property in Minot is down approximately 7%, total valuation is just over $4.5 billion. The full annual
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I’ll explain why North Dakota’s property taxes are unnecessarily high, and how we can resolve this travesty. The federal government conditioned North Dakota statehood on the legislature providing a uniform system of free public schools. (Article VIII, Section 2). This is not an unfunded mandate. The federal government gave North Dakota, in trust, section 16
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Last year, lawmakers approved proposals that shift some funding for social services from the counties (property tax) to the state (state revenue). But the viability of that plan remains a question, as well as the counties commitment to using those dollars for property tax reductions.
Read & Share sourced from: InForum
Property taxes were the issue of the day at Tuesday’s regular meeting of the Ward County Commission. Get the story from KMOT News.
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Rob Port at Say Anything Blog takes exception to the Governor Dalrymple’s language touting tax relief. His main problem, the bulk of the relief is a transfer of spending from local governments to state budget, not an actual reduction in taxes.
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Final vote tallies: NO: 3788 | YES: 1862. The result of the vote means nothing will change for Minot property owners or shoppers. The Park District will continue to be funded by property tax. Minot’s sales tax rate will remain at 7.5%.
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With the MARC vote coming up quickly, KX News sat down with City of Minot’s finance director Cindy Hemphill to get the facts on what items are charged a sales tax, what items are exempt, and how the proposal would affect your property taxes.
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We’re a little over six weeks away from casting a deciding vote on the future of indoor recreation in Minot and our goal over that period will be to transform you into the most informed voter on a single topic that has ever existed. The Minot Voice has a game plan in place, but we’d
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It’s an 86-page bill intended to reform and simplify the property tax system. Senate Bill 2144 would set levy limits for cities, counties, townships and other taxing authorities while giving them more flexibility in how property tax dollars are spent.
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Tax reform is is the eternal topic, and Minot’ Scott Louser is encouraging the legislature to study the impact of reform that would see the State assume property tax payments. Read his thoughts on the proposed reform and need for the study at Say Anything Blog.com
Read & Share sourced from: Say Anything Blog.com