ND HB1273

Creates a property tax credit reducing taxable valuation of primary residences by $5,400 or 80%, whichever is less, for individuals regardless of family head status.

Provides 20% taxable valuation reduction for commercial and agricultural property owners if individuals holding 40% or more ownership interest reside in a primary residence in North Dakota.

Requires applicants to file claims with county assessors by September 1, 2013 (for 2013) and by February 1 annually thereafter; claims remain effective until ownership changes or eligibility ends.

Establishes state reimbursement process where tax commissioner certifies county auditor certifications to state treasurer, who distributes funds to counties and taxing districts based on mill rates applied to other real estate.

Repeals Chapter 57-64 regarding mill levy reduction grants and amends property tax statements to include a line item showing "legislative property tax relief" amounts paid through state appropriation.