The City of Bismarck’s Assessing Division has mailed notices to property owners with a 2024 real estate valuation increase of 10% or more and $3,000 or more of the prior year’s assessed value per North Dakota Century Code. This notice is not a tax estimate, but only a statement of the current market value of the property.
North Dakota Century Code also requires all property to be valued annually based on market values. Property valuations are annually adjusted based on prior year sales of comparable properties in the City. Other reasons for an adjustment may include properties with a new structure, remodel, structure addition, situations involving the expiration of an exemption, or any combination thereof.
“The one thing we want to stress to those who receive a notice is to call and ask questions if they have concerns about the market value on their notice,” said Bismarck City Assessor Allison Jensen. “The only way we can recommend a potential valuation change at that April 2 meeting is if we have had a chance to review the property and to meet with the individuals who would be impacted by the valuation increase.”
Property owners who have questions can contact the City of Bismarck Assessing Division at 701-355-1630 prior to the meeting in April with questions, or to initiate a review of the property valuation. After the Assessing Division’s review, property owners that want to appeal the valuation may do so to the City of Bismarck Board of Equalization on April 2 at 5:15 p.m. at City/County Building, 221 N 5th St., in the Tom Baker meeting room.
If the appeal is denied by the City of Bismarck’s Board of Equalization, citizens may also appeal their values with the Burleigh County Board of Equalization that meets on June 3, 2024.
To learn more about valuations, please visit the Property Assessment Information page. To request a reassessment of a property, please call 701-355-1630.