North Dakota § 57-02.2-03 Tax exemption for improvements to commercial and residential buildings and structures - Property owner's certificate

North Dakota Statutes

§ 57-02.2-03 — Tax exemption for improvements to commercial and residential buildings and structures - Property owner's certificate

North Dakota § 57-02.2-03

Title 57Taxation

Ch. 57-02.2Exemption of Improvements to Buildings

This text of North Dakota § 57-02.2-03 (Tax exemption for improvements to commercial and residential buildings and structures - Property owner's certificate) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 57-02.2-03 (2026).

Text

and structures - Property owner's certificate.
Improvements to commercial and residential buildings and structures as defined in this
chapter may be exempt from assessment and taxation for up to five years from the date of
commencement of making the improvements, if the exemption is approved by the governing
body of the city, for property within city limits, or the governing body of the county, for property
outside city limits. The governing body of the city or county may limit or impose conditions upon
exemptions under this section, including limitations on the time during which an exemption is
allowed. A resolution adopted by the governing body of the city or county under this section may
be rescinded or amended at any time. The exemption provided by this chapter shall apply only
to that

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and structures - Property owner's certificate.
Improvements to commercial and residential buildings and structures as defined in this
chapter may be exempt from assessment and taxation for up to five years from the date of
commencement of making the improvements, if the exemption is approved by the governing
body of the city, for property within city limits, or the governing body of the county, for property
outside city limits. The governing body of the city or county may limit or impose conditions upon
exemptions under this section, including limitations on the time during which an exemption is
allowed. A resolution adopted by the governing body of the city or county under this section may
be rescinded or amended at any time. The exemption provided by this chapter shall apply only
to that part of the valuation resulting from the improvements which is over and above the
assessed valuation, exclusive of the land, placed upon the building or structure for the last
assessment period immediately preceding the date of commencement of the improvements.
Any person, corporation, limited liability company, association, or organization owning real
property and seeking an exemption under this chapter shall file with the assessor a certificate
setting out the facts upon which the claim for exemption is based. The assessor shall determine
whether the improvements qualify for the exemption based on the resolution of the governing
body of the city or county, and if the assessor determines that the exemption should apply, upon
approval of the governing body, the exemption is valid for the prescribed period and shall not
terminate upon the sale or exchange of the property but shall be transferable to subsequent
owners. If the certificate is not filed as herein provided, the assessor shall regard the
improvements as nonexempt and shall assess them as such.