When you own a home, you pay local and state property taxes based on your home’s assessed value. Property tax revenue is used by cities and counties for operating costs, such as opening a new park or building a new school. To learn more about property taxes, visit Math & YOU.

In North Dakota, many taxpayers are rallying together to put an end to property taxes as successful oil drilling has supplied sufficient revenue for the state. In The New York Times, the article, “North Dakota Voters Consider Eliminating Property Tax,” details why eliminating property taxes could be a mistake.