A proposed bill aiming to provide significant property tax relief for all property owners in North Dakota took center stage during the Senate Finance and Taxation meeting on March 11, 2025. The legislation suggests a reduction of property taxes by as much as 50% for various property types, including residential, commercial, and agricultural properties.

The bill proposes a tax relief of 30 mills, translating to a potential 16-25% reduction in property taxes. If fully implemented at 60 mills, the relief could reach up to 50%. This initiative is designed to attract out-of-state investors by positioning North Dakota as a business-friendly environment while still allowing local political subdivisions, such as school districts, to levy additional taxes for their needs.

Key provisions include allowing school districts to impose an extra 10 mills for their general fund and up to 12 mills for special funds. They can also seek voter approval for a building fund of up to 20 mills and a bond for new school construction, requiring a 60% supermajority.

The discussion highlighted the importance of substantial tax relief and reform, with many stakeholders expressing their desire for meaningful changes. A work group comprising representatives from various sectors, including counties, cities, and education groups, provided input on the bill's amendments. The committee is now considering an amendment to solidify the proposed 30 mills tax relief.

As the legislative session progresses, the outcome of this bill could significantly impact property owners across North Dakota, with expectations for further discussions and potential adjustments in the coming weeks.