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ND HB1182

Bill

Official Source

Status

Introduced

1/3/2019

Primary Sponsor

Tom Kading

Click for details

Origin

House of Representatives

66th Legislative Assembly

AI Summary

  • Caps annual increases in assessed property valuation at 3 percent per year, regardless of market value changes
  • Allows assessed valuation to exceed the 3 percent cap only when property improvements were made and not previously included in the prior year's assessment
  • Adds new section to North Dakota Century Code chapter 57-02
  • Effective for taxable years beginning after December 31, 2018

Legislative Description

Limitations on increases in property assessments for property tax purposes; and to provide an effective date.

Last Action

Second reading, failed to pass, yeas 28 nays 61

1/28/2019

Committee Referrals

Finance and Taxation1/3/2019

Full Bill Text

No bill text available