If the property tax is eliminated, it would be the first time since 1980 — when oil-rich Alaska got rid of its income tax — that a state has discontinued a major tax, reports the Tax Foundation, a non-partisan research group. North Dakota would become the only state not to have a property tax, a levy the state has had since before it joined the union in 1889.
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Finally, the excuse I’ve been waiting for to relocate to ND
LOL. “We don’t need no stinking government.”
ND now has enough tax revenues to ditch the property tax (shale oil/gas e&p).
I could see a repel of income tax, rainy day fund, or even a citizen’s dividend of the “extra” income derived from the O&G industry. But why should the local governments be dependent on the state government for revenues to run their local affairs. It seems to be small government turned on its head.
This is the crap that got California into the mess it’s in. Everyone wants services and no one wants to pay for them. The small and local government types, (I’m one of them) are always screaming for local control. Then when they get it (have it?) they want to give it up to the state? I know who my local officials are.and where I go to discuss the affairs of my locality. Any time the center of power and money gets further from the people it’s more likely to get screwed up.