Kelly Armstrong: “Three out of four houses qualify [for property tax relief]…”

“They have a pretty strong infrastructure. North Dakota is actually kind of one of the last states to go through this. I don't know what you would call it, friction. But. But Three out of four houses qualify [for property tax relief]. One out of three will pay no property taxes in the next biennium. And we put 3% cap on property tax budgets, which means if we allow that legacy fund to grow over time, the growth will outpace the increase from local political subs.” (04:08–04:14)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.