A BILL for an Act to provide for a legislative management study of property tax reform for residential property.

HB 1474 proposes a new tax based on the square footage of residential properties in North Dakota, replacing the traditional ad valorem tax for many homeowners. It directly affects residential property owners (including single-family homes, condos, and townhouses), local governments that collect taxes, and businesses installing solar/wind/geothermal systems through new tax credits. Key provisions include establishing a per-square-foot tax rate on both land and structures, modifying existing property tax credit rules for energy-efficient installations, and requiring county boards to adjust tax assessments under new valuation requirements. The bill also repeals an existing exemption for new residential properties and sets limits on how much local governments can levy through this new tax structure. The bill failed to pass in the North Dakota legislature on March 11, 2025, with 5 votes in favor and 42 against.