N.D.C.C. § 57-32-01.2 — Method of valuation

All of the operative property within North Dakota of each air carrier transportation company
which is defined as real property under section 57 -02-04 must be valued for assessment
purposes by the tax commissioner and the state board of equalization. For the purpose of
determining the value of the operative property within North Dakota of each air transportation
company, the tax commissioner and the state board of equalization shall take into consideration
legally established evidences of value that enable the tax commissioner and the state board of
equalization to make a just and equitable assessment.