b. Omitted assessments - Laserfiche WebLink

Section 12 transfers $115,000,000 from the permanent oil tax trust fund to the general fund. Section 13 requires the legislative council to study in each interim through 2012 the feasibility and desirability of property tax reform and providing property tax relief, with the goal or reduction of each taxpayer's annual property tax bill to not more than 1.5 percent of the true and full value of the property. The study shall include examination of the proper measure of education funding from local t.axation and state resources and the variability of funding resources among taxing districts, and examination of improved collection and reporting of property tax information to identify residency of property owners with minimized administrative difficulty. Section 14 provides effective dates for various sections of this Act. SB 2088 Effective date: August 1, 2007 Amends subsection 5 of section 57-02-08.1. Provides that a certificate from a licensed physician or a written determination of disability from the social security administration is acceptable proof of permanent and total disability for purposes of homestead credit and renter refund. SB 2172 Effective date: fC}r ta~able years be:ginning after December 31,2006 Amends subsection 20 of section 57-02-08. ,Mends subdivision a. Provides that a paraplegic veteran mayreceive exemption of the fixtures, ..buildings, and improvements owned and occupied as a homestead up to a true and full value of ,$120,000. Amends subdivision b. Repeals the income test for a disabled veteran with 50 percent or greater service-connected disability. Provides that a disabled veteran with a 50 percent or greater service- connected disability is eligible foran exemption equal to the percentage of the disabled veteran's disability, applied against the first $120,000 of true and full valuation of fixtures, buildings, and improvements owned and occupied as a homes~.ead. Makes no change to subdivision c. The maximum true and full value offixtures, buildings, and improvements owned and occupied as a homestead by a permanently arid totally disabled person who is permanently confined to a wheelchair that may be exempted remains at $80,000, as in the definition of "homestead" in section 4 7 -18-01. Provides that after the initial filing of a claim for exemption under this subsection, the exemption is automatically renewed each following year, but the veteran or veteran's unremarried surviving spouse must refile if that person sells the property or no longer claims it as a primary place of residence, or if the veteran dies or receives a change in the percentage of the certified rated service-connected .', disability. Provides that this subsection does not apply within a county in which a resolution approved by the board of county commissioners is in effect disallowing the exemption under this subsection for the taxable year. . SB 2200 Effective date: August 1, 2007 (Section 47) Section 47 repeals subsection 3 of section 57-15-14, the adjustment for the repealed mill levy deduction. The rest of SB 2200 does not affect property tax. SB 2205 Effective date: Section 14 is effective through December 31,2009 Section 14 creates a new subdivision to subsection 3 of section 57-15-01.1. Provides that the dollar amount levied by a county in the base year must be reduced by the amount of dollars levied by a county in the base year for administration of the child support enforcement program by the county social service board and increased by section 17 of this Act. North Dakota Office of State Tax Commissioner