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This older home was photographed Jan. 6 in Edgeley. Under a legislative proposal, the property tax bills of all North Dakota homeowners would be cut. A property tax exemption for farm residences would be eliminated.

Legislative proposal would end rural property tax exemption

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BISMARCK (AP) -- State lawmakers are considering a proposal that would cut the property tax bills of all North Dakota homeowners while eliminating a property tax exemption for farm residences.

It would replace an existing two-year, $341.8 million subsidy plan that provides money to finance reductions in North Dakota school districts' property tax rates.

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