Title: Property Tax Reduction
Signed by Governor John Hoeven
Title: Property Tax Reduction
Vote to pass an appropriations bill that replaces some local property tax dollars with money from the state.
-Allocates a property tax discount of 5.9 percent, and amount that totals to $80 million [sec. 1 (1)]. -Increases the ceilings for benefits to seniors from the Homestead credit program [sec. 2 (1)(c)]. -Reduces the marriage penalty by making the income tax rates of married couples no more than twice as much as those of a single tax payer, and by making the rates of married couples filing separately equal to the rates paid by single taxpayers [sec. 11 (1)].
Title: Property Tax Reduction
Vote to pass an appropriations bill that replaces some local property tax dollars with money from the state.
-Appropriates $100.18 million dollars towards property tax reductions from the state general fund [sec. 1]. -Removes the provision that allows for limitless raises in school district property taxes, so long as a majority of the districts voters approve [sec. 5 (1)(b)].
Title: Property Tax Reduction