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ND HB1534

Bill

Official Source

Status

Engrossed

2/13/2025

Primary Sponsor

Jason Dockter

Click for details

Origin

House of Representatives

69th Legislative Assembly

AI Summary

  • Caps annual taxable valuation increases at 3% per parcel, regardless of property sales or ownership changes
  • New improvements not previously included in valuation are exempt from the 3% cap
  • Taxing districts may exceed the 3% limit only with majority voter approval at a statewide general or primary election, for a maximum of four taxable years at a time
  • Cities and counties cannot override or modify these limitations using home rule authority
  • Effective for taxable years beginning after December 31, 2024

Legislative Description

Limitations on taxable valuation increases without voter approval; and to provide an effective date.

Last Action

Second reading, failed to pass, yeas 0 nays 46

4/15/2025

Committee Referrals

Finance and Taxation2/17/2025
Finance and Taxation1/20/2025

Full Bill Text

No bill text available