Dickinson assessors clarify property value role amid tax reform discussions

The Board of Equalization meeting held on April 9, 2025, in Dickinson, North Dakota, focused on clarifying the role of assessors in property tax assessments and discussing recent legislative updates affecting property taxation.

The meeting began with a presentation aimed at dispelling common misconceptions about assessors. It was emphasized that assessors do not set tax rates or collect taxes; rather, their primary responsibility is to accurately determine property values to ensure fairness and equity in taxation. The speaker used an analogy comparing property valuation to splitting a restaurant bill among friends who ordered different meals, illustrating that assessors aim to assign values based on the market rather than arbitrary figures.

The discussion then shifted to House Bill 1176, known as the governor's tax bill, which has passed the House and is currently under consideration in the Senate. This bill proposes to increase the primary residence credit from $500 to $1,250 and caps budget increases for taxing entities at 3%. The intent is to ensure that property owners with a primary residence credit still contribute to tax revenues, preventing excessive budget increases without accountability.

The meeting also covered the process of property valuation, which involves analyzing recent sales data and property characteristics. Assessors maintain a comprehensive database to ensure accurate valuations, which are crucial for determining tax rates. The speaker noted that property values are influenced by market conditions and significant changes to properties, such as renovations.

A significant portion of the meeting was dedicated to explaining the equalization process, which ensures that property assessments are fair and reasonable. The Board of Equalization meets annually to review and adjust property values as necessary, allowing taxpayers the opportunity to appeal their assessments. The speaker highlighted the importance of accurate assessments, noting that errors in property records could lead to unjust valuations.

The meeting concluded with a discussion on the upcoming revaluation project, which aims to assess approximately 1,059 properties that have not been visited in recent years. The city plans to divide the assessment work into zones to ensure thorough coverage and timely evaluations.

Overall, the Board of Equalization meeting provided valuable insights into the assessment process and legislative changes affecting property taxes, reinforcing the commitment to fairness and accuracy in property valuation.