North Dakota 2025-2026 Regular Session

North Dakota House Bill HB1559

Introduced

1/20/25

Refer

1/20/25

Report DNP

2/10/25

Caption

Limitations on taxable valuation of residential property; and to provide an effective date.

Impact

The implications of HB1559 extend to how residential properties are assessed and taxed, effectively capping the valuation increases that can occur during reassessments. The bill is expected to impact local government revenues, as it limits the ability of municipalities to raise taxes based on property increases, forcing them to adjust their budgets accordingly. As a result, this could lead to financial challenges for cities that rely heavily on property taxes to fund essential services such as education, infrastructure, and emergency services.

Summary

House Bill 1559 aims to establish limitations on the taxable valuation increases of residential property in North Dakota. Specifically, the bill stipulates that the taxable valuation of residential properties cannot exceed their base year valuation, providing a measure of stability in property taxes for homeowners. This bill is conceived as a protective measure aimed at ensuring that property taxes do not rise exorbitantly, thereby supporting housing affordability for residents.

Contention

While supporters argue that HB1559 will help maintain affordable housing and protect homeowners from steep tax increases, opponents may view it as a limitation on local control and revenue generation. The provision that cities and counties cannot modify the application of this bill through home rule authority could be a point of contention among local officials who believe they should have the flexibility to make decisions that reflect the specific needs of their communities. Such discussions are crucial as lawmakers consider the balance between state mandates and local autonomy.

Companion Bills

No companion bills found.

Previously Filed As

ND SB2177

An optional residential property tax freeze for seniors; and to provide an effective date.

ND SB2387

A BILL for an Act to provide for a legislative management study relating to property tax reform.

ND SB2309

Determination of state school aid, information displayed on property tax statements, transfer of legacy fund earnings, and deposit of oil and gas tax revenues; and to provide an effective date.

ND SB2361

A primary residence valuation freeze for purposes of calculating property tax; and to provide an effective date.

ND HB1211

The homestead property tax credit; and to provide an effective date.

ND HCR3024

Prohibiting the levy of property tax; and to provide an effective date.

ND HB1380

Determination of state school aid; to provide an appropriation; and to provide an effective date.

ND SB2279

A property tax exemption for certain potato storage structures; and to provide an effective date.

ND SB2066

The imposition of a flat income tax rate for individuals, estates, and trusts; to provide an effective date; and to provide an expiration date.

ND HB1158

The homestead tax credit and income tax rates for individuals, estates, and trusts; to provide for a legislative management study; to provide for a legislative management report; to provide an appropriation; to provide an effective date; and to provide an expiration date.

Similar Bills

NH HB177

Relative to the definition of qualified structures under the community revitalization tax relief incentive.

CA AB968

Single-family residential property: disclosures.

CA SB177

Arson.

TX HB1257

Relating to the payment in installments of ad valorem taxes on certain property owned by a business entity and located in a disaster area and to the ad valorem taxation of a residence homestead rendered uninhabitable or unusable by a casualty or by wind or water damage.

TX HB770

Relating to ad valorem tax relief for an owner of certain property, including a residence homestead that is rendered uninhabitable or unusable by a casualty or by wind or water damage, and to a restriction on the authority to bring an action to remove a house that is partially located on a public beach as a result of a meteorological event.