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 $26,000 of less (including Social
Security and pensions) and assets of $75,000 or less (excluding the first
$100,000 value of the homestead). The applicant may receive a credit up
to $4,500 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 $400 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