Reminder For Homestead Property Tax Credit
For a homeowner to apply for the homestead property tax credit, they need to meet the following criteria:
• Eligibility Requirements - 65 years of age or older in the year for which the application is made OR permanently disabled with proof of total disability with no age requirement.
• Income received by the applicant, plus the income of a spouse and any dependents, for the calendar year preceding the assessment date may not exceed $70,000 after deduction of eligible medical expenses. Income from all sources is considered.
• No asset tests.
• The benefit to a qualified homeowner - may receive a maximum reduction in taxable value of $9,000 ($200,000 true and full value) dependent upon income level.
• You may still be eligible even if you filed for the Primary Residence Credit.
Please contact the Mountrail County Director of Tax Equalization Office (701-628-2425) for an application or with any questions you may have. If you think you meet the qualifications above for the 2024 assessment year, we can still accept applications.