North Dakota Statutes
§ 57-12-05 — Requirements to be followed in equalization of individual assessments
The county board of equalization, when equalizing individual assessments, shall observe the following rules:
1.The valuation of each tract or lot of real property which is returned below its true and
full value must be raised to the sum believed by such board to be the true and full
value thereof.
2.The valuation of each tract or lot of real property which, in the opinion of the board, is
returned above its true and full value must be reduced to such sum as is believed to
be the true and full value thereof.
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North Dakota § 57-12-05 (Requirements to be followed in equalization of individual assessments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 57-01-01
Bond of tax commissioner§ 57-01-02.1
Tax collection agreements with home rule cities or counties - Limitations on city or county authority§ 57-01-03
Office of commissioner§ 57-01-04
Salary§ 57-01-05
State supervisor of assessments§ 57-01-06.1
Statement of legislative intent concerning use of sales, market, and productivity studies§ 57-01-10
Tax manuals - Distribution§ 57-01-11
Assessment of or determination of additional tax liability by tax commissioner - Hearing - Appeal§ 57-01-12
Approval of refunds by tax commissioner