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MILTON HOYTE: PROPERTY TAX RELIEF - MORE TO THE STORY |
North Dakota taxpayers have been told repeatedly that they would see a 16-17% decrease in their combined income and property taxes in 2009.
This assertion is based on the fact that the state income tax rates were reduced and property taxes were to be reduced by a mandatory reduction in school property tax levies because of increased state funding. It is a given that property taxes did decrease since a large portion of that tax is in school taxes.
However, some of the anticipated saving was negated by an increase in property values. The increase in taxable valuation was required by some state mandate, we are told.
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