North Dakota Administrative Code Title 81 — Tax Commissioner
N.D. Admin. Code § 81-03-09-21
Property factor - Averaging property values
As a general rule, the average value of property owned by the taxpayer shall be determined by averaging the values at the beginning and ending of the tax period. However, the tax commissioner may require or allow averaging by monthly values if such method of averaging is required to properly reflect the average value of the taxpayer's property for the tax period. Averaging by monthly values will generally be applied if substantial fluctuations in the values of the property exist during the tax period or where property is acquired after the beginning of the tax period or disposed of before the end of the tax period. Example: The monthly value of the taxpayer's property was as follows: January $2,000.00 July $15,000.00 February 2,000.00 August 17,000.00 March 3,000.00 September 23,000.00 April 3,500.00 October 25,000.00 May 4,500.00 November 13,000.00 June 10,000.00 December 2,000.00 $25,000.00 $95,000.00 Total $120,000.00 The average value of the taxpayer's property includable in the property factor for the income year is determined as follows: $120,000.00 divided by 12 = $10,000.00 Averaging with respect to rented property is achieved automatically by the method of determining the net annual rental rate of such property as set forth in section 81-03-09-20.
Amendment history
General Authority: NDCC 57-38-56 Law Implemented: NDCC 57-38.1-12, 57-59-01 (art.IV(12))
Source: view the official PDF
In this article (40 sections)
- 81-03-09.2-05 · Provisions of income tax laws applicable
- 81-03-09.2-06 · Taxable years
- 81-03-09-03 · Business and nonbusiness income defined
- 81-03-09-04 · Two or more businesses of a single taxpayer
- 81-03-09-05 · Business and nonbusiness income - Application of…
- 81-03-09-06 · The numerator of the revenue factor is the total revenue…
- 81-03-09-07 · Apportionment
- 81-03-09-08 · Combined report
- 81-03-09-09 · Allocation
- 81-03-09-10 · Consistency and uniformity in reporting
- 81-03-09-11 · Taxable in another state - In general
- 81-03-09-12 · Taxable in another state - When a taxpayer is "subject…
- 81-03-09-13 · Taxable in another state - When a state has jurisdiction…
- 81-03-09-14 · Apportionment formula
- 81-03-09-15 · Property factor - In general
- 81-03-09-16 · Property factor - Property used for the production of…
- 81-03-09-17 · Property factor - Consistency in reporting
- 81-03-09-18 · Property factor - Numerator
- 81-03-09-19 · Property factor - Valuation of owned property
- 81-03-09-20 · Property factor - Valuation of rented property
- 81-03-09-21 · Property factor - Averaging property values
- 81-03-09-21.1 · Property factor - Intangible drilling costs
- 81-03-09-22 · Payroll factor - In general
- 81-03-09-23 · Payroll factor - Denominator
- 81-03-09-24 · Payroll factor - Numerator
- 81-03-09-25 · Payroll factor - Compensation paid in this state
- 81-03-09-26 · Sales factor - In general
- 81-03-09-27 · Sales factor - Denominator
- 81-03-09-28 · Sales factor - Numerator
- 81-03-09-29 · Sales factor - Sales of tangible personal property in…
- 81-03-09-30 · Sales factor - Sales of tangible personal property to…
- 81-03-09-31 · Sales factor - Sales other than sales of tangible…
- 81-03-09-32 · Special rules - In general
- 81-03-09-33 · Special rules - Property factor
- 81-03-09-34 · Special rules - Sales factor
- 81-03-09-35 · Special rules - Railroads
- 81-03-09-36 · Special rules - Airlines
- 81-03-09-37 · Special rules - Trucking companies
- 81-03-09-38 · Special rules - Television and radio broadcasting
- 81-03-09-39 · Special rules - Publishing