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HB 1560

A BILL for an Act to create and enact a new section to chapter 57-02 and a new subdivision to subsection 1 of section 57-55-10 of the North Dakota Century Code, relating to a primary residence long-term homeowner property valuation reduction; and to provide an effective date.

69th Legislative Assembly (2025-26) Introduced by Nathan Toman

HB 1560 would reduce property tax assessments for long-term primary residence owners, but failed passage with 29 yes votes versus 60 no votes.

Second reading, failed to pass, yeas 29 nays 60
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Bill Summary · HB 1560

Legislative bill overview

HB 1560 would have created a property tax reduction for long-term homeowners in North Dakota by establishing a new valuation reduction specifically for primary residences owned for an extended period. The bill aimed to amend the state's property tax code to provide this homeowner benefit through the tax assessment process.

Why is this important

Property tax relief measures directly affect homeowner affordability and can influence housing market stability. Long-term homeowner incentives can reward residential stability while potentially reducing tax burdens for established residents, though they also affect municipal revenue streams and may create disparities between newer and older homeowners in the same community.

Potential points of contention

  • Revenue impact: Reduced property tax valuations mean lower tax revenue for cities, counties, and school districts that depend on these funds for operations and services
  • Fairness concerns: Creates a two-tiered system where newer homeowners pay higher effective tax rates than long-term owners in identical properties, raising equity questions
  • Implementation complexity: Determining eligibility periods, definitions of "long-term," and valuation reduction percentages could create administrative challenges and disputes

Compiled from official sources — confirm details with the bill’s official record.

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