N.D.C.C. § 57-02-11 — Listing of property - Assessment thereof

Certified assessment officials must list and assess property as follows:
1. All real property subject to taxation must be listed and assessed every year with
reference to its value, on February first of that year.
2. An individual property record must be kept by the appropriate assessment official for
each parcel of taxable property. The record may be in electronic or paper form and
must include identifying information as prescribed by the state supervisor of
assessments. Assessors shall prepare the records and provide copies of all property
records prepared by the assessor to the county director of tax equalization. The county
director of tax equalization shall maintain those records for ten years from the date the
records were received from the assessors. A city with an assessor who holds a current
certification as a class I assessor under section 57 -02-01.1, and which has been
determined by the state supervisor of assessments to have enough sales for an
adequate sales ratio study, may elect to maintain the records required under this
subsection on behalf of the county. A city that makes this election must include these
records in a city database of taxable property to be maintained in the office of city
assessor for ten years from the assessment date.
3. Whenever after the first day of February and before the first day of April in any year, it
is made to appear to the assessor by the oath of the owner that any building, structure,
or other improvement, or tangible personal property, which is listed for taxation for the
current year has been destroyed or damaged by fire, flood, tornado, or other natural
disaster, the assessor shall investigate the matter and deduct from the valuation of the
property of the owner of such destroyed property an amount which in the assessor's
judgment fairly represents such deduction as should be made.