The homestead credit exemption is available for senior citizens or disabled homeowners on a limited income. Following are the requirements:
- You must be at least 65 years old (unless you are permanently & totally disabled).
- You must own & live in the home for which the credit is claimed. Ownership must be as of February 1st of the year in which you claim the exemption.
- Your total household income (from all sources) may not be more than $42,000 after deducting medical expenses.
- Your assets may not exceed $500,000, including the market value of your homestead and the value of any assets gifted or otherwise divested within the last three years.
The amount of exemption is dependent on the amount of your annual income. Application is required each year and is done through our office. If you feel you may be eligible or have any questions, please call City Assessor at (701) 845-8123.
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- What is a Mill Levy?
- What is Taxable Value?
- What is an Appraisal?
- What is a Parcel?
- How do I appeal my Value?
- What is a Comparable Sale?
- What is an Arms Length Transaction?
- What is a Legal Description?
- What is the Cost Approach?
- What is the Market Approach?
- What is the Income Approach?
- What is Homestead Credit?
- Residential New Construction Exemption
- Wheelchair & Disabled Veteran's Exemption
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- Builder's Application for Property Tax Exemption
- Homestead Property Tax Credit
- Improvements to Commercial & Residential Buildings - Property Tax Exemption
- Payment in Lieu of Taxes (PILOT)
- Tax Increment Financing (TIF)
- 2 Year Exemption - Purchase of New Single-Family Home
- Renaissance Zone Application
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- Home Rule Charter
- Valley City Municipal Code
- Title 1: General Provisions
- Title 2: Administration
- Title 3: Health & Sanitation
- Title 4: Alcoholic Beverages
- Title 5: Animals & Fowl
- Title 6: Police Department
- Title 7: Buildings, Signs, Streets, Sidewalks, Curbs & Boulevards
- Title 8: Businesses & Occupations
- Title 9. Fire Protection
- Title 10. Stormwater Management
- Title 11. Zoning
- Title 11.1 Infrastructure for Housing Developments/Subdivisions
- Title 12: Nuisances & Property Maintenance
- Title 13: Mobile Home Parks
- Title 14: Motor Vehicles & Traffic
- Title 15: Public Works
- Title 16: Land Subdivision Regulations
- Title 17: Offenses
- Title 18: Parks
- Title 19: Disasters & Emergencies
- Title 20: Taxation
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