Homeowners who are
65 years of age or older or who are permanently and totally disabled may be entitled
to a property tax credit. Qualifications include an annual income less
medical expenses of $17,500 of less (including Social Security and pensions)
and assets of $50,000 or less (excluding the first $100,000 value of the
homestead). The applicant may receive a credit up to $3,038 in taxable
value of the homestead.
In addition, the
homeowner may qualify for a special assessment credit, which becomes a lien
against the property and must be repaid when the property is sold.
For additional
information and applications, please contact your local assessor or the Nelson
County Director of Equalization office.
Renters may also be
entitled to a rent refund under this program. Those who qualify may
receive rent refunds of up to $240 if 20% of the rent they pay exceeds 4% of
their income. Renters apply to the Office of State Tax Commissioner for
this refund and applications are available at the Nelson County Director of
Equalization office.
Additional
information on the program is also available at the State Tax Commissioners Web
Site at http://www.nd.gov/tax