2 Year Exemption – Purchase of New Single-Family Home

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Up to $150,000.00 of true and full value of all new single family and condominium and townhouse residential property, exclusive of the land on which it is situated, is exempt from taxation for the first two years after the tax year in which construction is completed and the residence is owned and occupied for the first time;

New single family residential property, exclusive of land on which it is situated, is exempt from assessment for the taxable year in which construction began and the next two taxable years, if the property remains owned by the builder and remains unoccupied.

Submit this property tax exemption form by February 1 to:

City Assessor
PO Box 390
Valley City, ND 58072

Posted in Property Tax Exemptions.