North Dakota voters this fall could end the property tax by approving a ballot measure that opponents say would drastically slash a variety of state services.
That’s not inherently true in rural states where the property value math is a lot different. In remote areas, land can only be a few thousand dollars of purchase value, or be passed by family, thus still frequently be inhabited by the dirt poor who have few employment opportunities in said rural areas. I should know, I’m smack dab in the middle of one of said areas.
Property taxes, like basically every other cost to a rental property, just gets passed down to renters as well. It’s not like landlords let taxes affect their profit margins.
North Dakota like many states has a renters refund for those with lower incomes which is designed to at least partially offset that. Limits look to be a bit low but every little bit helps.
This doesn’t benefit low income, low income can’t afford to own property.
That’s not inherently true in rural states where the property value math is a lot different. In remote areas, land can only be a few thousand dollars of purchase value, or be passed by family, thus still frequently be inhabited by the dirt poor who have few employment opportunities in said rural areas. I should know, I’m smack dab in the middle of one of said areas.
Property taxes, like basically every other cost to a rental property, just gets passed down to renters as well. It’s not like landlords let taxes affect their profit margins.
North Dakota like many states has a renters refund for those with lower incomes which is designed to at least partially offset that. Limits look to be a bit low but every little bit helps.
How ownership in North Dakota is actually smaller than the national average.