New Home Builder Exemption for Residence Construction

North Dakota Century Code § 57-02-08(42)   

Builder's New Residence Exemption provides a discretionary exemption for certain new single family residential properties from property taxes for the taxable year in which construction began and the next two taxable years, if the property remains owned by the builder, remains unoccupied, and other conditions are met. “Single family residential property” includes condominiums and townhouses.  For further information click on the link below to read the State property tax guideline for the new residence builder exemption.  

Link to Guidelines for the Builders' New Residential Exemption.

If you feel you may qualify for a Builder's Residential Exemption on a property that you own, please contact the Grand Forks Assessing Department office for an application form or to answer any questions you may have at 701-746-2611.

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