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Assessments could replace ND property taxes - Finance Articles ...

BISMARCK, N.D.

North Dakota?s local governments will face pressure to use special assessments to raise money if voters abolish property taxes, lawmakers said Monday as they questioned a proposed constitutional amendment that would eliminate taxes on land.

The assessments, often referred to as "specials," are mostly used to finance street, sewer and water projects that benefit specific tracts of land. The owners of those properties pay the assessments, instead of all property owners in an entire city or county.


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Assessments could replace ND property taxes

Source: http://www.finance4noobs.com/assessments-could-replace-nd-property-taxes/

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