Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Bookkeeping Prices for Small Business: What to Expect in 2025

July 30, 2025

The 10 largest American IPOs of all time

July 30, 2025

Applying for Social Security: How and when to do it

July 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Wednesday, July 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Real Estate»North Dakota Voters Reject Plan To Eliminate Property Taxes
Real Estate

North Dakota Voters Reject Plan To Eliminate Property Taxes

November 9, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

North Dakota voters made their decision on Measure 4, a proposal to abolish personal property taxes, with 63.5 percent voting against the measure during the election. Critics of the plan argued that it would severely undermine funding for essential public services.

Are you ready to take bold steps forward in your real estate business? Join us at Inman Connect New York on Jan. 22-24, 2025, and be part of the Next Chapter. Discover new strategies, master new technologies, and refine your business model to thrive in the market.

The New York Post reported that Measure 4 aimed to prohibit state and local governments from levying taxes on personal property, except for those used to pay for bonded indebtedness. In 2023, North Dakota homeowners paid an average effective property tax rate of 0.99 percent, according to Attom Data Solutions.

Based on U.S. Census Bureau data, state and local governments collected approximately $760 billion in property taxes in 2023, marking a 31 percent increase from 2018.

State officials estimated that Measure 4 would cost North Dakota $3.15 billion in lost revenue over two years. Realtor.com Chief Economist Danielle Hale cautioned that while reforming North Dakota’s property tax system could be beneficial, completely eliminating it could pose even greater challenges.

Rick Becker, a former Republican state legislator, supported Measure 4, arguing that property taxes were “fairly immoral” and that the government’s ability to take away property ownership was improper.

Despite the support for Measure 4, over 80 state organizations, including the North Dakota Fire Chiefs Association and the School Board Association, opposed the measure. They warned that eliminating property taxes would deprive local governments of crucial revenue, potentially leading to service cuts or new taxes to make up for the shortfall.

While North Dakota rejected Measure 4, other states like Florida and Georgia approved measures to limit annual property tax increases. Meanwhile, Oklahoma voters turned down a proposal to create new special tax districts.

Contact Richelle Hammiel for more information.

Dakota Eliminate North plan property reject taxes voters
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Costs of Owning a Home

July 30, 2025

Why we should be cheering for the mom-and-pop investors in the housing market

July 29, 2025

Yes, You Can Sell A House As-Is—No Inspection Needed

July 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

“False, Malicious, Defamatory” – Trump Demands Unsealing Of Epstein Files, Threatens Lawsuit After WSJ Hit Piece

July 18, 20250 Views

$500-M Liquidation Shakes Market Confidence

April 10, 20251 Views

FBI Freak Out As Dan Bongino Named Deputy Director

February 24, 20250 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Personal Finance

Bookkeeping Prices for Small Business: What to Expect in 2025

July 30, 20250
Investment

The 10 largest American IPOs of all time

July 30, 20250
Retirement

Applying for Social Security: How and when to do it

July 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.