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Rep. Doctor proposes 3% annual cap on assessed valuation growth; advocates and counties weigh in
Summary
Representative Jason Doctor’s House Bill 15 34 would cap assessed‑value growth at 3% per year for tax calculation purposes; supporters said it offers predictability for local governments while opponents and staff raised constitutional and implementation questions.
Representative Jason Doctor presented House Bill 15 34, which would limit the annual increase in the valuation used for tax calculations to 3% per year and establish a cost basis that rises at that rate for tax purposes. "If this concept would go forward ... the cost basis would start on the taxable value and every year that cost basis would only go up 3%," Doctor said in committee.
Linda Swankovic of the North Dakota…
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