What is the relief provided?
The property tax relief passed by the 2007 North Dakota Legislature is provided in the form of two income tax credits: the residential and agricultural property income tax credit and the commercial property income tax credit. Residential and agricultural property income tax credit This credit is based on the property taxes levied on North Dakota residential or agricultural property. To qualify for this credit, all of the following conditions must apply: • Your primary residence, whether owned or leased, must be located in North Dakota. • The credit is allowed only on property you own. • The property is classified as residential or agricultural for property tax purposes. • The property is located in North Dakota. If you own a mobile home classified as residential for property tax purposes, your mobile home taxes are considered property taxes for this credit. If your primary residence is in North Dakota and you own residential or agricultural property in North Dakota, but you are not req
Related Questions
- Is it expected that any transition relief will be provided for tax years beginning in 2010 to make it easier for taxpayers to meet the requirements for a qualifying arrangement?
- How have families benefited from tax relief and other support provided by the Government?
- Does the pain relief provided by the Nanobeam last?"
