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Get Matched Free →Bismarck Renaissance Zone Tax Exemption
Funding status: Active
How much assistance
100% property tax exemption on the building for up to 5 years; PLUS up to $10,000/year state income tax credit for up to 5 years for owner-occupied homes
Property tax exemption applies for up to 5 years. State income tax credit may also apply for up to 5 years.
Eligibility
- Income limits: No income limits.
- First-time buyer required: No
- Geographic restrictions: Property must be located within Bismarck's designated Renaissance Zone. New residential construction must meet a minimum project cost of $100 per square foot. Owner must occupy the property as a primary residence.
- Homebuyer education required: No
How to Apply for Bismarck Renaissance Zone Tax Exemption
Step 1: A Renaissance Zone project must be approved by both the City of Bismarck and the North Dakota Department of Commerce BEFORE the qualifying activity occurs (purchase, new construction, lease, or rehabilitation). Submit your application before any improvements begin. Once approved, properties are automatically enrolled in the property tax exemption for the next five years.
Notes
The Renaissance Zone was extended an additional 5 years in late 2024. Confirm boundaries and application timing with the City of Bismarck Planning and Development office.