AN ACT to amend and reenact subsections 8 and 9 of section 57-02-27.2 of the North Dakota Century Code, relating to assessment of agricultural property; and to provide an effective date.
Senate Bill No. 2367 amends sections 57-02-27.2 of the North Dakota Century Code, focusing on the assessment of agricultural property. The bill outlines the responsibilities of local assessors in determining the agricultural value of assessment parcels, emphasizing the importance of actual property use and soil classification. It also mandates that any significant deviations from county estimates must be supported by written evidence. Additionally, the bill establishes a framework for developing a schedule of modifiers to adjust agricultural property assessments, which must be approved by the state supervisor of assessments before implementation.
The bill will impact local property assessment practices by providing clearer guidelines on how agricultural properties are valued. It requires local assessors to consider specific criteria in their assessments and establishes a formal process for property owners to request adjustments based on these criteria. This could lead to more equitable assessments across agricultural properties in North Dakota, potentially affecting tax revenues and the financial responsibilities of property owners.
The sentiment surrounding SB2367 appears to be overwhelmingly positive, as indicated by the unanimous votes in both the Senate and House. The discussions leading up to the vote suggest that legislators recognize the need for clarity and fairness in agricultural property assessments, indicating broad support for the bill's objectives.
There are no notable points of contention reported in the discussions or voting history for SB2367. The lack of dissenting votes suggests that stakeholders, including legislators and agricultural property owners, largely agree on the need for the amendments proposed in the bill.