This bill proposes the establishment of a uniform financial and property tax data reporting system for taxing districts in North Dakota, requiring the tax commissioner to develop and implement this system by January 1, 2026. The system will include categories such as fund balances and property tax levy calculations. Additionally, the bill amends existing laws regarding park district bonding authority, allowing park districts to issue general obligation bonds up to one percent of the assessed valuation of taxable property, capped at fifteen million dollars. It also mandates that county auditors provide detailed reports on property valuations and tax levies, including information on legislative tax relief, to the tax commissioner.

Furthermore, the bill outlines the requirements for real estate tax statements, which must now be sent to property owners via mail or email, and must include detailed information about property valuations, tax levies, and a graphical representation of taxes. It establishes a legislative tax reform and relief advisory committee to study tax reform and relief measures, and requires the tax commissioner to compile data on tax-exempt properties for a report to the legislative management by July 1, 2026. The bill aims to enhance transparency and consistency in property tax reporting and improve the overall tax system in North Dakota.

Statutes affected:
INTRODUCED: 4.1-47-14, 11-38-01, 11-11-53, 11-11.1-04, 21-03-07, 40-38-02, 57-15-02.2, 57-15-06.4, 57-15-06.6, 57-15-06.7, 57-15-28, 57-15-50, 57-15-56, 57-20-04, 57-20-07.1, 61-24-08, 61-24-09, 57-15-26.8
Adopted by the House Finance and Taxation Committee: 21-03-07, 57-20-04, 57-20-07.1
FIRST ENGROSSMENT: 21-03-07, 57-20-04, 57-20-07.1