North Dakota House Bill HB1126

North Dakota 2023-2024 Regular Session

• Introduced: 1/3/23
• Refer: 1/3/23
• Report DNP: 1/10/23

Caption

Assessment and estimated tax increase notices to property owners.

Impact

The introduction of HB 1126 is expected to bring greater transparency to the property assessment process. By requiring timely notifications for significant assessment increases, the bill empowers property owners to better understand their financial obligations and prepares them for potential changes in property taxes. This amendment could lead to improved communication between local governments and property owners, potentially reducing disputes over property valuations.

Summary

House Bill 1126 aims to amend the North Dakota Century Code to improve the notification process concerning property assessment increases. The bill mandates that property owners receive written notice when the valuation of their property increases by $3,000 or more and by 10% or more from the previous year's assessment. This notice must explicitly detail the new valuation, the previous year's assessment, and the timelines related to the upcoming local boards of equalization meetings. The intent is to ensure that property owners are adequately informed about changes that may affect their property taxes.

Contention

Despite its intent to foster transparency, the bill may face criticism regarding the additional administrative burden it places on local governments to ensure compliance with the new notification requirements. Opponents may argue that the financial implications of sending out these notices could strain smaller municipalities. Furthermore, questions may arise about whether this level of detail in notifications could lead to confusion among property owners regarding how assessment increases translate into tax liabilities.