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Committee backs bill to require full-sale disclosure for agricultural parcels under 80 acres
Summary
The House Agriculture Committee voted to advance Senate Bill 2,152, which would remove an existing exemption that keeps sale prices off recorded deeds for agricultural parcels of fewer than 80 acres, with supporters saying it will improve appraisal accuracy and lower costs for consumers.
Senator Dean Rummel urged the committee to approve Senate Bill 2,152, arguing the change will increase transparency and help appraisers and assessors set accurate market values for small agricultural parcels. “There is no such thing as just a simple bill,” Rummel told the committee, adding that removing the exemption for agricultural lands less than 80 acres would give assessors and appraisers better data for valuations.
The bill would strike the exemption in subsection 6, paragraph J, of North Dakota Century Code section 11-18-02.2 that currently excludes agricultural lands under 80…
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