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New Property Tax Plan for Grand Forks Residents - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

New Property Tax Plan for Grand Forks Residents

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 Taxpayers let the Grand Forks school board know where they stand on a proposed hefty hike in their property taxes Monday night.  Residents were encouraged to attend the board meeting, and they eagerly accepted the chance to talk.

 What had them buzzing? The district had proposed a 28.6% property tax increase that leaders say is needed to offset a six-million-dollar deficit. What many taxpayers say they didn't understand is why the district was asking for so much, considering a property tax relief measure that was approved by the state legislature this year.

 After hearing from many people, the school board narrowly voted 5-4 against the proposed 28.6% property tax hike. The board made some adjustments to their tax base and agreed to raise the property tax by 20%.

 So, what does this mean for a Grand Forks taxpayer? When you factor in the state property tax relief, you won't be paying more in taxes; you just won't be getting as much back. School board member Tim Lamb says on a 150-thousand-dollar home, instead of getting an estimated $300 rebate, you'll only be getting $200 back.

 

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