North Dakota Code 57-01-06 – Sales, market, and productivity study – Contents not to be included
Any sales, market, and productivity study which may be made by the tax commissioner may not include the following:
Terms Used In North Dakota Code 57-01-06
- Deed: The legal instrument used to transfer title in real property from one person to another.
- following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
- Grantor: The person who establishes a trust and places property into it.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
1. Property owned or used by public utilities.
2. Property classified as personal property.
3. A sale when the grantor and the grantee are of the same family or corporate affiliate, if known.
4. A sale which resulted as a settlement of an estate.
5. All forced sales, mortgage foreclosures, and tax sales.
6. All sales to or from religious, charitable, or nonprofit organizations.
7. All sales where there is an indicated change of use by the new owner.
8. All transfer of ownership of property for which is given a quitclaim deed.
9. Sales of property not assessable by law.
10. Agricultural lands of less than eighty acres [32.37 hectares].