Exemption from Property Taxation
To enhance affordable housing options throughout the state, North Dakota offers projects owned and controlled by a nonprofit or political subdivision an exemption from property taxation during their period of affordability.
NDHFA certifies and monitors annual compliance for any parcel seeking exemption under NDCC 57-02-08(43). The parcel’s respective property tax assessing municipality implements the exemption.
Am I Eligible?
A property may be eligible for the exemption if it is subject to and in compliance with a land use restriction agreement that enumerates mandatory income and rent restrictions and the property is owned and/or controlled by a qualified 501(c)(3) nonprofit entity or political subdivision.
How to Apply?
Complete and submit to NDHFA an Exemption from Property Taxation Application with all required supporting documents.
|Exemption from Property Taxation Application||Instructions|
For questions about the certification process, contact the Planning and Housing Development Division at NDHFA at (701) 328-8080 or (800) 292-8621.