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Sen. Tom Campbell, Grafton, N.D., Published June 10 2013

Letter: It’s a real tax reduction for North Dakotans

The $1.1 billion in tax relief passed in the 2013 North Dakota legislative session is a big number, but for most people, it is hard to figure how that really affects each of us individually.

Let me break it down to help us all understand its impact.

The state will be paying an average of about 40 percent of your total property tax bill for 2013 and 2014. So, what does this mean to property taxpayers? Let’s assume you live in Grand Forks in a home with a true and full value of $180,000. The state will now be covering about $1,250, or 40 percent, of your property tax bill. Of course, that number will fluctuate based on what school district you live in.

Almost everyone in North Dakota will also benefit from the 19 percent reduction in our state’s personal income taxes. The bill we passed will put $200 million back into the pockets of hardworking men and women across North Dakota. That’s an average of $717 in income tax savings per household.

And don’t forget about the expanded homestead tax credit for seniors and the disabled. If you are 65 or older or are totally disabled and have an income level below $42,000 per year, you may be eligible for up to a maximum of $4,500 in tax relief.

These are just a few of the larger bills passed in the past legislative session with tax relief consequences that will positively affect your wages and dollars in your pocket.

Sen. Campbell, R-Grafton, represents District 19 in the North Dakota Senate.