N.D.C.C. § 57-06-15 — Assessment by state board of equalization - Notice of increase

The state board of equalization may adopt the tentative assessment of the tax
commissioner in whole or in part. The valuation and tentative assessments made by the tax
commissioner must be considered merely findings of fact of the executive officer of the board.
The state board of equalization shall review the valuation and tentative assessment at the time
of its annual meeting in July of each year and then shall make a final assessment of the
property. It may increase or lower the entire assessment, or any assessment contained therein,
on any item contained within the assessment of any company. Before the state board of
equalization may make an increase in the assessed valuation of the property of the company
over the valuation contained in the tentative assessment, notice must be given to the company
of the proposed increase and a hearing granted thereon. A ten -day written notice of the
proposed increase and hearing must be given to the company, either by mail addressed to the
company, or personally served on a duly authorized agent of the company.