Brand new level are outdone having % away from voters against the size. It would have eliminated possessions fees and you may would have requisite the brand new county legislature to change regional governments’ possessions income tax funds with state tax funds.
The newest measure is actually backed by a team named Encourage the latest Taxpayer shaped of the Minot, Northern Dakota resident Robert Hale. Hale said the guy modeled brand new level toward an effective 2009 legislative proposition out of County Agent. Dan Ruby (R-38) to avoid property taxes just like the a supply of county revenue.
The newest level try compared by Ensure that it it is Regional ND, the state Chamber away from Commerce, brand new North Dakota League out-of Metropolises, Association out of Realtors, AFL-CIO, Connection regarding Counties, brand new Farmer’s Commitment, in addition to Oil Council.
Vote title
Post X of your North Dakota Composition. It might exclude governmental subdivisions out-of levying one taxation to the analyzed property value genuine or individual property, with the exception of the latest percentage of bonded indebtedness incurred due to a certain date, and you can would require the official to add replacement repayments in order to governmental subdivisions from at the very least the present day houses taxation levies. It could reduce obligations out-of a governmental subdivision so you can an enthusiastic amount not to exceed a few and something-half percent of one’s full and correct property value the true assets on governmental subdivision; however, of the a vote, an incorporated town you certainly will increase their indebtedness so you can four per cent and a school region you are going to improve its indebtedness in order to five %. It can succeed a provided city to be with debt for the an enthusiastic amount maybe not surpassing a few per cent of the full and correct really worth for water and you may sewer strategies. It might require a governmental subdivision taking on indebtedness to look after yearly profits to spend your debt payments when due and would prohibit a governmental subdivision from providing general responsibility ties safeguarded having tax levied to the analyzed worth of property.
The estimated financial impression associated with the measure is actually $3.15 mil boost in biennial expenses to the county originating in this new 2025-2027 biennium.
Constitutional alter
The measure would amend sections 1, 14, 15, and 16 and repeal sections 4, 5, 7, 9, and 10 of Article X of the North Dakota Constitution. The following underlined text would be added and struck-as a result of text would be deleted:
Section 1. 1. The Except since the offered within the subsection dos, the legislative assembly and all sorts of governmental subdivisions may well not boost shall be prohibited from raising revenue to defray the expenses of the state through the levying of a any tax on the assessed value of real or personal property. 2. A political subdivision may always levy taxation towards the reviewed property value real property if your taxation was faithful with the percentage of bonded indebtedness obtain before avoid of thirty-day months adopting the time that it amendment was authorized by the voters, up until such debt are paid off. 3. The official shall promote annual property tax money replacement for payments so you can political subdivisions when you look at the a price comparable to at least brand new amount of tax levied to your real-estate from the governmental subdivisions, leaving out taxation levied into houses into the commission off fused indebtedness, during the season in which so it amendment is actually approved by the new voters.
Point fourteen. 1. In spite of some other provision regarding the structure, and also for the reason for promoting the commercial growth of the brand new county, the development of the natural information, plus the success and you may welfare of its some body, the official get situation bonds and use the fresh new continues thereof regarding brand new bonds and work out funds to directly or cooperatively owned people to package, build, acquire, make it easy for, increase, and you can expand place getting transforming sheer information on the fuel and creating and giving such as for example strength, also to acquire real and private assets and water and you will mineral liberties payday loans you’ll need for for example place.