Lawmaker makes the case to end property tax in North Dakota.
North Dakota generates tax revenue in three main ways: sales tax, income tax, and property tax. The state also has a Legacy Fund that is worth nearly $7 billion dollars to draw from.
One law maker wants North Dakotans to vote to abolish property taxes, and make up the revenue-gap from mostly the oil tax and Legacy Fund. But, other lawmakers say this proposal would be unsustainable and the timing is off.
State Representative Rick Becker is sponsoring the measure to eliminate property tax in North Dakota.
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