2 Year Exemption – Purchase of New Single-Family Home

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

Homestead Property Tax Credit

The homestead property tax credit is a North Dakota property tax credit that reduces the property taxes of eligible individuals.  Eligibility requirements:

  • Individuals who are 65 years of age or older, or individuals who are permanently and totally disabled
  • You must reside on and have an interest in the property for which the credit is claimed
  • And if your income is $42,000 or less per year
  • And if your assets do not exceed $500,000

For more information about this program, see the ND Tax – Homestead Property Tax Credit site.

Submit Homestead Credit Application for Senior Citizens & Disabled Persons by February 1 to:

City Assessor
P.O. Box 390
Valley City, ND 58072

Renaissance Zone Application

Eligible commercial and residential properties are indicated in Valley City’s Renaissance Zone Map.

For a new Renaissance Zone project (this includes new construction, rehabilitation or closing): Approval may take up to 4 weeks.

To apply, submit completed Renaissance Zone Application and Certificate of Good Standing from the ND Tax Commissioner.
For more information, contact Brenda Klein at (701) 845-8125 or bklein@valleycity.us.

To request a transfer of a previously approved Renaissance Zone project (this may occur after closing):

Submit Certificate of Good Standing from the ND Tax Commissioner (request is made on this form), statement certifying this is your primary residence, and statement regarding closing (purchase) date.

Submit Renaissance Zone materials to:

City of Valley City
P.O. Box 390
Valley City, ND 58072

Wheelchair & Disabled Veteran’s Exemption