Bill > HB1343

This bill updates several sections of North Dakota law related to homestead exemptions and tax liens, making several key changes. The bill modifies the definition of a homestead, clarifying that it can be claimed by married or unmarried individuals and is limited to $150,000 in value, with an important exception that property taxes and special assessments do not count toward this valuation limit. The bill also adjusts when a homestead can be subject to execution or forced sale, specifically excluding property taxes and special assessments from the list of debts that can force a sale. Additionally, the bill establishes new requirements for declaring a homestead, including that such a declaration must be executed under penalty of perjury and can be accomplished through filing a bankruptcy discharge. A new provision is added to specify that tax liens have priority over most other liens, except for certain specific liens, with property tax liens taking precedence over special assessment liens. The bill also requires that notices of tax lien foreclosure must now include information about the homestead exemption and how to claim it, providing more transparency in the tax foreclosure process.

Budget and Finance

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1343.html