This bill amends subsections 8 and 9 of section 57-02-27.2 of the North Dakota Century Code, which pertains to the assessment of agricultural property. In subsection 8, the bill introduces a new consideration for local assessors when determining the relative value of assessment parcels: the actual use of the property for cropland or noncropland purposes by the owner. This replaces the previous language that also mentioned actual use but was listed as a lower priority in the assessment criteria.

In subsection 9, the bill outlines the responsibilities of the county director of tax equalization in developing a schedule of modifiers for agricultural property assessments, which must be approved by the state supervisor of assessments. It also establishes a process for property owners to request adjustments to their agricultural property assessments based on these modifiers, including the requirement for owners to submit a verified application. The bill specifies that these changes will take effect for taxable years beginning after December 31, 2025.

Statutes affected:
INTRODUCED: 57-02-27.2
Prepared by the Legislative Council staff for Senator Walen: 57-02-27.2
FIRST ENGROSSMENT: 57-02-27.2
Enrollment: 57-02-27.2