ND HB1276

Property tax levied on individual commercial or residential parcels may not increase more than 3 percent annually without voter approval, superseding other levy authorities.

Adjustments to the baseline are required when property becomes newly taxable, exemptions are reduced or eliminated, property loses taxable status, or temporary mill levies expire.

Exemptions from the 3 percent cap include new levy authority authorized by state law or voter approval, irrepealable bonded debt taxes, and the one-mill state medical center levy.

Taxing districts may exceed the 3 percent limit if approved by majority vote of qualified electors, with voter-approved increases limited to no more than two consecutive taxable years.

Cities and counties cannot use home rule authority to supersede or modify this limitation, effective for taxable years beginning after December 31, 2017.