- cross-posted to:
- housing_bubble_2
- cross-posted to:
- housing_bubble_2
North Dakota voters will decide this fall whether to eliminate property taxes in what would be a first for a state and a major change that officials initially estimate would require more than $1 billion every year in replacement revenue.
Secretary of State Michael Howe’s office said Friday that backers submitted more than enough signatures to qualify the constitutional initiative for the November general election. Voters rejected a similar measure in 2012.
Property taxes are the base funding for numerous local government services, including sewers, water, roads, jails, deputies, school building construction and teacher salaries — “pretty much the most basic of government,” said North Dakota Association of Counties Executive Director Aaron Birst.
They’re replacing it with Land Value Tax, right? Right?..
Or sales tax, or something else. High taxation and misuse of taxes is bad, but taxes themselves support the infrastructure everyone uses. So if they get rid of this, something else is going to have to take its place unless the property tax was way too high.
I thought we’ve seen what happens when you don’t have blended tax sources.
But surely, this time, it will work?!
Direct wealth seizure