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 process. Additionally, subsection 9 is revised to require the county director of tax equalization to develop a schedule of modifiers for agricultural property assessments in collaboration with the county's governing body, and to submit this schedule for approval to the state supervisor of assessments.

Furthermore, the bill outlines a new process for property owners to request adjustments to their agricultural property assessments. Owners must file an initial application with the assessor, including a verified statement of facts that demonstrate eligibility for an adjustment based on the approved schedule of modifiers. The assessor is then responsible for considering these applications and may periodically review the property to determine if continued adjustments are warranted. The bill is set to 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