Limits taxable property valuation increases to 3% without voter approval in North Dakota.
North Dakota HB1534 sets a cap on taxable property valuation increases to 3% annually without voter approval. If a valuation exceeds this limit, it can only be approved by a majority vote in a statewide election, and only for up to four years. This law applies to all taxable property, regardless of ownership changes, and takes effect for taxable years starting after December 31, 2024.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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