State officials estimated that Measure 4 would cost North Dakota $3.15 billion in lost revenue over two years. Realtor.com Chief Economist Danielle Hale cautioned that while North Dakota’s property tax system might benefit from reform, eliminating it entirely could create even greater challenges.
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North Dakota voters rejected Measure 4, a proposal to abolish personal property taxes, with 63.5 percent voting against the measure during the election, the New York Post reported Thursday. Critics argued that the plan would severely undermine funding for essential public services.
Measure 4 aimed to prohibit state and local governments from levying taxes on personal property, except for those used to pay for bonded indebtedness. In 2023, North Dakota homeowners paid an average effective property tax rate of 0.99 percent, according to Attom Data Solutions.
State and local governments collected approximately $760 billion in property taxes in 2023, a 31 percent increase from 2018, based on U.S. Census Bureau data.
State officials estimated that Measure 4 would cost North Dakota $3.15 billion in lost revenue over two years. Realtor.com Chief Economist Danielle Hale cautioned that while North Dakota’s property tax system might benefit from reform, eliminating it entirely could create even greater challenges.
“The North Dakota proposal to eliminate property taxes does not specify what the alternative will be,” Hale said. “The property tax in North Dakota could stand to be reformed, but getting rid of it entirely…