Death, Taxes, And Absentee Landlords

North Dakota has a movement going by some activists to eliminate the property tax. Story here, even though it is the NY Times and it may require further resources:

http://www.nytimes.com/2012/06/12/us/north-dakota-voters-consider-ending-property-tax.html?_r=1&hp

Now on the surface this sounds way cool!

But as soon as the amendment passes I have an idea the residents of North Dakota may be surprised when out of state landlords buy up what is not owned by the various governments and Indian reservations.

Own thousands of acres in another state and pay no property tax – hey Ted Turner, where are you?

Sales and income taxes on the residents of N.D. will replace the lost “income” the taxpayers are paying now for all the goodness government brings and over which they will have no local control at the town or county level for roads and schools.

If North Dakota can figure out how to keep taxes and spending low with all control at the State level, good luck to them.