Budget & Taxes (Property Tax)

HB 1559 would limit annual increases in property taxes for residential homeowners in North Dakota by capping tax valuations at the average of the previous three years' values. Exceptions allow reassessment if property was previously untaxed, sold/transfered, or underwent significant improvements (not including routine maintenance or standard repairs after damage). The bill directly affects residential property owners by preventing sudden tax hikes from normal market value changes. It would take effect for tax years starting after December 31, 2024, and prohibits local governments from overriding these rules under home rule authority.

HB 1335 would adjust North Dakota's homestead tax credit to lower the eligibility age from 65 to 62 for seniors, while updating income thresholds. It would provide a full tax reduction (up to $9,000) for qualifying residents aged 62+ or permanently disabled with income under $70,000, and a partial reduction (up to $4,500) for those earning $70,000-$100,000. The bill requires applicants to submit a verified income statement, with the exemption applying to primary residences but not special assessments. It would take effect for property taxes starting in 2025. The bill was introduced in January 2025 but failed to pass the legislature in February 2025.

Relating to the determination of state aid payments, state aid minimum local effort, the protection of taxpayers and taxing districts, voter approval of excess levies in school districts, school district levies, and contents of the property tax statement; and to provide an effective date.

This bill would allow North Dakota disabled veterans with a 50% or higher service-connected disability rating (or surviving spouses receiving VA dependency compensation) to claim a property tax credit equal to their disability percentage, capped at $8,100 of their primary home's taxable value. The credit applies to the homestead property owned and occupied by the veteran or surviving spouse, with specific rules for co-ownership (e.g., prorated for shared property) and requiring VA certification. It would take effect for tax years beginning after December 31, 2024, and does not affect special assessments or existing tax obligations.