ND HB1282

Amends the definition of "true and full value" in North Dakota Century Code section 57-02-01 to require that relative age and location of residential property be considered in determining market value.

Specifies that for agricultural property, assessors must consider the county's schedule of modifiers, farm rentals, soil capability, soil productivity, and soils analysis when determining true and full value.

Excludes special assessment improvements from true and full value calculations unless the assessor has supporting evidence that equivalent market value increases occurred, as demonstrated by comparable property sales.

Effective for taxable years beginning after December 31, 2010.