NDAC 81-02.1-03-02
Requirements for property tax exemption
Cite as N.D. Admin. Code § 81-02.1-03-02
To be exempt from ad valorem property tax, property must meet all of the following conditions:
1.
Property must be used in the actual production of oil or gas.
2.
Property must be at the site of a producing well. Property is considered to be at the site of a
producing well if it is used prior to the first point at which it is both feasible and reasonable to
measure, or point of sale, whichever is first.
3.
Property must be necessary, but need not be indispensable, to the production of oil or gas.