ND SB2367

Reorders the priority factors for agricultural property assessments, making actual use of property for cropland or noncropland the most significant consideration, followed by soil type and classification data, then the county's schedule of modifiers

Requires county directors of tax equalization to develop assessment modifier schedules in conjunction with the county governing body and submit them to the state supervisor of assessments for approval before distribution to local assessors

Creates a formal application process for property owners to request agricultural assessment adjustments, requiring a signed application with verified statements of eligibility based on the approved modifier schedule

Mandates assessors periodically review properties after initial applications to determine if continued assessment adjustments remain appropriate, with owners required to report changes in circumstances

Effective for taxable years beginning after December 31, 2025; passed unanimously (Senate 44-0, House 92-0)