This bill amends subsection 9 of section 57-02-27.2 of the North Dakota Century Code, focusing on the assessment of agricultural property. It mandates that the county director of tax equalization, in collaboration with the county's governing body, develop a schedule of modifiers to adjust agricultural property assessments. The bill specifies that these modifiers must be submitted to the state supervisor of assessments for approval before being distributed to assessors. Additionally, the county director is required to provide the approved schedule and directions to all assessors by February 1st of each year.

The bill also introduces a provision that allows assessors to determine the agricultural value of each parcel without requiring an application from the property owner, using the approved schedule of modifiers. This change aims to streamline the assessment process for agricultural properties. The effective date for this legislation is set for taxable years beginning after December 31, 2024.

Statutes affected:
INTRODUCED: 57-02-27.2