TIF stands for Tax Increment Financing. In a very simplified way, It works like this. Say you want to put a second-story addition on your one-story house. The second story will add three bedrooms and $100,000 of value to your house. And[...]
Tag: Property Tax
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Property Tax Notices In The Mail
It’s that time of year. The property tax notices have gone out and they’ll be landing in your mailbox soon. Take a deep breath and count to ten before you open them. Minot property owners are seeing a substantial increase largely due[...]
Commentary |
This is what happens when you cap property taxes; it’s not good
Property taxes — we all hate them. Naturally, as a result of our disdain, we seek to remove that which we don’t like. This attitude is prevalent in North Dakota. In the past, we’ve voted down initiated measures that sought to eliminate[...]
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Gov. Burgum signs bill for ND social services redesign
Historically, social services in North Dakota have been delivered by the counties. But moving forward, a regionalized system made up of 19 social service units will be the new norm. Governor Burgum signed Senate bill 2124 last week; the full news release[...]
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So, you’re pissed about your City taxes going up? Me too
Sometimes, maybe the best you can do is to make everyone angry. With three months on the job as a member of City Council and now a budget under my belt, that’s my ‘lesson learned’ at this point. And boy was that[...]
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Minot’s Taxable Valuation Drops by 7%
The City of Minot Assessor, Kevin Ternes, released the City’s annual report Tuesday. The report is presented to Minot’s City Council which also serves as our City Board of Equalization. The 2017 True and Full Value of all property in Minot is[...]
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Letter: Should the School Land Trust Board be Gambling with $3.5 Billion of Our K-12 Funds?
I’ll explain why North Dakota’s property taxes are unnecessarily high, and how we can resolve this travesty. The federal government conditioned North Dakota statehood on the legislature providing a uniform system of free public schools. (Article VIII, Section 2). This is not[...]
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North Dakota lawmakers question proposed state takeover of county social services costs
Last year, lawmakers approved proposals that shift some funding for social services from the counties (property tax) to the state (state revenue). But the viability of that plan remains a question, as well as the counties commitment to using those dollars for[...]
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Ward County Residents Dispute Property Values with County Board
Property taxes were the issue of the day at Tuesday’s regular meeting of the Ward County Commission. Get the story from KMOT News. [...]Read More... from Ward County Residents Dispute Property Values with County Board
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Say Anything Blog: Governor Jack Dalrymple Exaggerates Tax Relief By Nearly 70 Percent
Rob Port at Say Anything Blog takes exception to the Governor Dalrymple’s language touting tax relief. His main problem, the bulk of the relief is a transfer of spending from local governments to state budget, not an actual reduction in taxes. [...]Read[...]
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MARC Vote Fails by 2 -1 Margin
Final vote tallies: NO: 3788 | YES: 1862. The result of the vote means nothing will change for Minot property owners or shoppers. The Park District will continue to be funded by property tax. Minot’s sales tax rate will remain at 7.5%.[...]
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KX News: Sales Tax, Property Tax, and the MARC
With the MARC vote coming up quickly, KX News sat down with City of Minot’s finance director Cindy Hemphill to get the facts on what items are charged a sales tax, what items are exempt, and how the proposal would affect your[...]
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The MARC: What do You Want to Know?
We’re a little over six weeks away from casting a deciding vote on the future of indoor recreation in Minot and our goal over that period will be to transform you into the most informed voter on a single topic that has[...]
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Property Tax Reform Bill Clears ND Senate
It’s an 86-page bill intended to reform and simplify the property tax system. Senate Bill 2144 would set levy limits for cities, counties, townships and other taxing authorities while giving them more flexibility in how property tax dollars are spent. [...]Read More...[...]
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State Should Study Taking Over Property Taxes
Tax reform is is the eternal topic, and Minot’ Scott Louser is encouraging the legislature to study the impact of reform that would see the State assume property tax payments. Read his thoughts on the proposed reform and need for the study[...]
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Minot Park Board Clears Procedural Hurdles, Puts District on Path to New Funding Method, MARC Construction
The Minot Park Board held a special meeting Wednesday afternoon to complete procedural steps needed to move forward with building the Minot Aquatics & Recreation Center and funding the Park District through a 1 cent sales tax as opposed to a property[...]