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, except in certain circumstances, such as debts secured by mechanics' liens or mortgages. It also introduces a new requirement for a declaration of homestead to be executed under penalty of perjury and mandates that information regarding the homestead exemption be included in notices of tax lien foreclosure.

Furthermore, the bill establishes a new section that prioritizes liens for unpaid property taxes or special assessments over any other judgment, mortgage, or lien against the property, with the exception of specific liens outlined in existing law. This change aims to ensure that tax obligations are met before other claims on the property are satisfied, thereby reinforcing the importance of property tax collection. Overall, the bill seeks to enhance the clarity and effectiveness of homestead protections and tax lien processes in North Dakota.

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