What is the property tax assessment process?

In North Dakota, the property tax assessment process is designed to fairly and accurately calculate the value of a property for taxation. The assessment process begins when the county tax assessor is notified of a change to a property. The assessor then inspects the property to make sure it fits the criteria for taxation. After the physical inspection, the assessor calculates the value of the property based off of market comparisons of similar properties in the area. Once the value of the property is determined, the assessor then calculates the tax rate. This rate is based on the type of property and the local tax rates in the area. The property owner is then provided with a notice of assessment, which lists the assessed value of the property as well as the tax rate. The property owner then has the right to appeal the assessment or the tax rate if he or she believes the assessment or rate is incorrect. The appeal is made to the local Board of Equalization. The board then reviews the assessment and decides whether to adjust the value or tax rate depending on the appeal. Once the assessment and tax rate are finalized, the county tax office will collect the property tax from the property owner. The taxes collected are then used to fund public services in the area such as schools, public safety, and infrastructure. In North Dakota, the property tax assessment process is designed to ensure that property owners are fairly taxed and that public services are adequately funded.

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What is the property tax assessment process?

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