57-01-06.1. Statement of legislative intent concerning use of sales, market, and productivity studies

57-01-06.1. Statement of legislative intent concerning use of sales, market, and

productivity studies.

It is the intent of the legislative assembly that local assessors, county directors of tax

equalization, and city, township, county, and state boards of equalization use the results of

sales, market, and productivity studies as a guide in making assessments and in equalizing

assessments of property in this state. The legislative assembly recognizes that sales of property

alone provide insufficient information to make accurate judgments concerning the market value

of property within the various counties of this state, particularly in view of the limited number of

sales which occur within a given period of time in many counties, and that, in order to get an

accurate picture of market value, consideration must be given to such factors as property

appraisals, productivity, and current usage of property.