A BILL for an Act to create and enact a new section to chapter 57-02 and a new subdivision to subsection 1 of section 57-55-10 of the North Dakota Century Code, relating to a primary residence long-term homeowner property valuation reduction; and to provide an effective date.

HB 1560 would create a property tax reduction for North Dakota homeowners who have owned their primary residence for 30 years or more, reducing their taxable value by up to $18,000 annually. Homeowners must apply by August 1 each year (with 2025 applications due by August 1, 2025), and the credit applies to both standard real estate and mobile homes. Co-owners and spouses both qualify for the reduction if one meets the 30-year ownership requirement. The bill failed to pass the legislature in February 2025.