Preliminary calculations from the Grand Forks County auditor’s office are forecasting a decrease in property taxes this year for Grand Forks city residents.
If a property’s value stays the same, its owner can expect to see about a 20 percent cut in taxes from last year, according to County Auditor Debbie Nelson.
That calculation includes taxes from the county, city, park district and school district. For the owner of a $100,000 home, that difference is about $380.
Increases in property values would slim that margin. The increases vary by property, but the city finance department estimated the average increase to be about 3 percent earlier this year.
“Have property values increased over last year? Absolutely,” City Assessor John Herz said. “Will they continue to increase? That is the question.”
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