ND SB2292

Amends North Dakota Century Code section 57-14-08(1) to require county commissioners to give additional consideration when ordering new property assessments for areas experiencing valuation reductions exceeding 30 percent due to depressed economic conditions.

Maintains existing provisions allowing county commissioners to order new assessments upon petition by at least 10 freeholders or the governing body, or upon investigation by the board.

Preserves state board of equalization and tax commissioner authority to order new assessments for any class of property or all property in political subdivisions.

Allows local governing bodies to petition the state board of equalization or tax commissioner for modifications to assessment orders, with approval granted for good cause shown.

Effective for taxable years beginning after December 31, 2016.