ND HB1245

Taxing districts must express property tax levies in terms of dollars rather than mills when communicating with the public and comparing current year levies to the preceding year.

County auditors must provide financial reports to the state auditor by March 1st each year in electronic format, showing ending balances of county general fund and county road and bridge fund for the preceding calendar year, including amounts committed for specific uses.

Tax commissioner, state supervisor of assessments, and finance and taxation committee chairs must conduct a property tax transparency study during the 2023-24 interim in consultation with city and county organizations.

The transparency study must examine historical changes in property valuations and mill rates, creation of a uniform property tax statement form, feasibility of transitioning counties to a uniform accounting system, and feasibility of implementing a statewide property tax information system.

Study participants must report findings, recommendations, and any required legislation to legislative management by June 1, 2024.