A BILL for an Act to amend and reenact subsection 12 of section 57-02-01 of the North Dakota Century Code, relating to the definition of residential property; and to provide an effective date.

HB 1232 amends North Dakota's definition of "residential property" for tax purposes. It specifically includes mobile homes (three or fewer) on a tract and vacant platted lots within city limits zoned for residential use. The bill excludes hotels/motels, buildings with four or more separate family units, and lots with four or more mobile homes. These changes would directly affect property tax assessments for affected properties and local assessors. The bill would take effect for taxable years beginning after December 31, 2024.