Hillwilliam -> RE: North Dakota votes to keep property taxes (6/19/2012 9:12:38 PM)
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ORIGINAL: servantforuse If they want to pay high taxes, let them do so.. You might want to actually look something up before posting that way you won't look like an idiot. http://www.retirementliving.com/taxes-new-york-wyoming#NORTHDAKOTA Property Taxes All real property in the state is subject to tax by the state, counties, townships, and municipalities. Residential property is taxed as 9% of assessed value. For the most part, personal property is exempt from property tax. Personal property of utilities companies that are assessed by the State board of Equalization is subject to property tax. Household personal property, inventories, and machinery and equipment used in trade or manufacture are exempt from property taxes. Machinery and equipment used in refining products from oil or gas extracted from the earth is deemed to be real property and therefore subject to property taxes. A mobile home used as a residence or place of business is also subject to a property tax. There is also a Homestead Tax Credit available to senior citizens (65+) or disabled persons who own or rent their home. Your income, plus the income of your spouse and any dependents, may not exceed $26,000 for the calendar year preceding the assessment date. Your assets may not exceed $75,000. The maximum homestead credit is $4,500 (income $0 to $18,000). Click here for details. For a brochure on the Homestead Tax Credit, click here. Call 701-328-3127 for details. Some of the lowest in the country.
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