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Get Matched Free →Fargo Renaissance Zone Property Tax Exemption
Funding status: Active
How much assistance
100% property tax exemption on the value of the building (excludes land) for 5 taxable years
Exemption applies for the first 5 taxable years after construction is completed and the residence is owned and occupied for the first time.
Eligibility
- Income limits: No income limits.
- First-time buyer required: No
- Geographic restrictions: Property must be located within a designated Fargo Renaissance Zone. Owner must occupy the property as a primary residence.
- Homebuyer education required: No
How to Apply for Fargo Renaissance Zone Property Tax Exemption
Step 1: Confirm the property is inside the Renaissance Zone boundary by contacting the Fargo Planning and Development Department at 701-241-1474. Submit a Renaissance Zone application before closing. Approved exemption applies for 5 years on the building value only (land is still taxed).
Notes
Designed to revitalize specific downtown and reinvestment districts. Confirms current zone boundaries with the city before relying on the exemption.