Property tax exemptions

N.D. Cent. Code § 40-63-05

in effect

40-63-05. Property tax exemptions 1. A municipality may grant a partial or complete exemption from ad valorem taxation on single-family residential property, exclusive of the land on which it is situated, if the property was purchased or rehabilitated by an individual for the individual's primary place of residence as a zone project. An exemption granted under this subsection may not extend beyond eight taxable years following the date of acquisition or completion of rehabilitation. 2. A municipality may grant a partial or complete exemption from ad valorem taxation on buildings, structures, fixtures, and improvements purchased or rehabilitated as a zone project for any business or investment purpose. The state board of equalization may grant a partial or complete exemption from ad valorem taxation on public utility infrastructure rehabilitated as a zone project. An exemption under this subsection may not extend beyond eight taxable years following the date of purchase or completion of rehabilitation.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t40c63.pdf#nameddest=40-63-05Fetched: 10/16/2026