RESULTS OF THE NORTH DAKOTA LAND VALUATION MODEL FOR THE 2005 AGRICULTURAL REAL ESTATE ASSESSMENT
This report summarizes the 2005 results of the North Dakota Land Valuation Model. The model is used annually to estimate average land values by county, based on the value of production from cropland and non-cropland. The county land values developed from this procedure form the basis for the 2005 valuation of agricultural land for real estate tax assessment. The average "all land value" from this analysis is multiplied by the total acres of agricultural land on the county abstract to determine each county's total agricultural land value for taxation purposes.