ND HB1192

Caps property tax valuation increases at the previous year's amount, except for new improvements, unless voters approve a higher percentage increase by ballot measure.

Limits property tax levies by taxing districts to the previous year's dollar amount, with adjustments for new taxable property, changes in exemptions, and expired temporary mill levy increases.

Allows taxing districts to exceed levy limits only with voter approval via ballot measure for a maximum of one taxable year at a time.

Exempts certain levies from the cap, including bonded debt payments, the state medical center mill levy, Garrison Diversion Conservancy District levy, and special assessments.

Modifies school district state aid calculation to allow increases beyond 12% if approved by a majority of qualified electors of the school district, effective for taxable years beginning after December 31, 2021.