Margaret owns a single-family home in Burleigh County, North Dakota. She receives her property tax assessment notice and believes the assessed value is significantly higher than the market value of comparable homes in her neighborhood. What is the FIRST step Margaret should take to formally challenge the assessed value under North Dakota law?
Correct Answer
D) Appeal to the local board of equalization within the statutory appeal period
Under NDCC Chapter 57-23, a property owner who disputes an assessed value must first appeal to the local board of equalization—either the city board or the county board—within the applicable statutory period after the assessment notice is issued. This local appeal is a mandatory first step in the administrative appeal process before a taxpayer can escalate to the State Board of Equalization or the courts.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Various programs and exemptions exist to reduce the property tax burden for specific groups, such as seniors, homesteaders, or veterans.
A transfer tax is a tax imposed on the transfer of ownership of real estate.
Reconciliation is the final step in the appraisal process where the appraiser analyzes the value indications from all applicable approaches and arrives at a single final opinion of value. It is not a simple average of the three values.
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