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“Agricultural land is valued according to a formula processed at North Dakota State University. They take production from 1995 to 2004, including government payments, and come up with an average value per acre.”
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“Some school districts are at their maximum mill levy. They will see a 5.5 percent increase.”
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“The lower that rate goes, the higher our valuation goes. The Legislature put a floor on it of 8.3 percent; otherwise, it would be 7.4 percent.”
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“This will put the value within the tolerance the State Board of Equalization will accept.”
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