ND HB1293

Creates section 57-15-01.2 of the North Dakota Century Code to limit property tax levy dollar increases by taxing districts to no more than four percent annually, excluding school districts.

Adjusts the four percent limitation when property improvements are newly taxable, property tax exemptions are reduced or eliminated, or temporary mill levy increases expire.

Exempts from the four percent cap: new mill levies authorized by law or voters, irrepealable bonded debt taxes, building fund and capital improvement levies, fire protection and emergency services levies, and substantial equipment purchases for infrastructure maintenance.

Allows mill rates on newly taxable property to not exceed the current year's mill rate for previously taxed property.

Permits taxing districts to suspend the four percent limitation upon approval by sixty percent or more of qualified electors voting at a regular or special election, effective for taxable years beginning after December 31, 2010.