ND HB1572

Park districts may issue general obligation bonds up to 1% of assessed taxable property valuation, capped at $15 million maximum, for acquiring and improving parks; property owners representing 5% or more of assessed valuation can block bond issuance by filing written protests within 60 days of publication

Tax commissioner must develop and implement a uniform reporting system for taxing district financial and property tax data by January 1, 2026, with annual reports to legislative management beginning July 2026

Real estate tax statements must now be displayed in color with three years of comparative data, include a pie chart showing each taxing district's percentage of total tax levy, and may be delivered by email with verified receipt in addition to mail

Legislative management will appoint a six-member tax reform and relief advisory committee during the 2025-26 interim to study income and property tax reform, review historical tax relief, and report recommendations to the 70th legislative assembly

Tax commissioner must compile data on all tax-exempt property in the state (including true and full valuation, county location, property classification, and exemption type) and submit a report to legislative management before July 1, 2026