ND HB1176

Creates a legacy earnings fund that receives 8% of the five-year average legacy fund balance every odd-numbered year, with allocations going first to debt service payments (up to $102.6 million), then 30% to highways, and the remainder to a new legacy property tax relief fund

Establishes a primary residence credit of up to $1,600 against property taxes for owner-occupied homes, funded by $408.9 million appropriated from the legacy property tax relief fund for the 2025-27 biennium

Imposes a 3% annual cap on property tax levy increases by taxing districts without voter approval, with adjustments allowed for new taxable property and exemptions that expire; exceeding the cap requires majority voter approval at a general election for four-year periods

Reduces maximum school district general fund levy authority from 70 mills to 60 mills while adding a separate 10-mill levy for educational services not subject to the new levy limitation, and creates gap funding for school districts impacted by the levy cap

Increases renters refund maximum from $400 to $600, raises disabled veterans property tax credit from $8,100 to $9,000 of taxable valuation, and requires assessors to notify all property owners of true and full value (not just those with significant increases)