Any property owner with a 2024 real estate valuation increase of 10 percent or more and $3,000 or more from the prior year’s assessed value will be receiving the notices. The city stresses the notices are not tax estimates but statements of the current market value of the property as determined by the city.
Property valuations are annually adjusted based on prior year sales of comparable properties in Bismarck. Other reasons for an adjustment may include properties with a new structure, remodel, structure addition, situations involving the expiration of an exemption, or any combination of the above.
Property taxes are such a scam.