This bill amends several sections of the North Dakota Century Code related to homestead exemptions and tax liens. Key changes include the clarification that the total value of a homestead may not exceed $150,000 unless the claim arises from property taxes or special assessments, in which case the homestead is valued at its total value. Additionally, the bill specifies that a homestead is exempt from judgment liens and forced sales, with certain exceptions, and outlines the conditions under which a homestead may be subject to execution or forced sale. It also introduces new requirements for declaring a homestead, including the need for a declaration to be executed under penalty of perjury.

Furthermore, the bill establishes that a lien for unpaid property taxes or special assessments takes priority over any other liens or claims against the real property, with the exception of certain specified liens. It also mandates that notices of tax lien foreclosure include information about the homestead exemption and the process for claiming a property as a homestead. These amendments aim to provide clearer guidelines regarding homestead protections and the prioritization of tax liens in North Dakota.

Statutes affected:
INTRODUCED: 47-18-01, 47-18-04, 47-18-18, 57-28-03