Representative Ben Koppelman is dual-pronged approach to alleviate property tax burdens and end the threat of confiscation and foreclosure due to property taxes.
That is a problematic inequitable Property Tax Reform proposal providing relief for some and increases for others. Basing Property Tax Assessments on “square footage” will prove to be not equitable since square footage is but one metric indicator of a homeowners ability to keep paying into (supporting) the ever-growing County/City budgets. No matter how you try to tax-assess homeowners based on a homes square footage, location, age, features, i.e. all things driving todays value-based formula, you still have NOT addressed the exploding school district portion of our property tax bills (our most recent tax assessment in Burleigh County has 63% of what we pay going to SCHOOLS!) What? Crazy! And you’ve done NOTHING to address seniors who have been paying into the tax rolls for decades living in the same now mortgage-free home with large square footage and a value that is many times the original purchase price decades ago and who are NOW on a fixed income! It’s time ND look at something similar to CA’s “proposition-13” as part of property tax relief and come up with an “equitable” formula/approach to Property Tax Reform!
That is a problematic inequitable Property Tax Reform proposal providing relief for some and increases for others. Basing Property Tax Assessments on “square footage” will prove to be not equitable since square footage is but one metric indicator of a homeowners ability to keep paying into (supporting) the ever-growing County/City budgets. No matter how you try to tax-assess homeowners based on a homes square footage, location, age, features, i.e. all things driving todays value-based formula, you still have NOT addressed the exploding school district portion of our property tax bills (our most recent tax assessment in Burleigh County has 63% of what we pay going to SCHOOLS!) What? Crazy! And you’ve done NOTHING to address seniors who have been paying into the tax rolls for decades living in the same now mortgage-free home with large square footage and a value that is many times the original purchase price decades ago and who are NOW on a fixed income! It’s time ND look at something similar to CA’s “proposition-13” as part of property tax relief and come up with an “equitable” formula/approach to Property Tax Reform!