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Get Matched Free →Grand Forks Renaissance Zone Tax Exemption
Funding status: Active
How much assistance
Up to 8 years of 100% property tax exemption on the value added by qualifying construction or rehabilitation; plus state income tax incentives
Exemption applies for up to 8 taxable years and is transferable to new owners during the eligibility period.
Eligibility
- Income limits: No income limits.
- First-time buyer required: No
- Geographic restrictions: Property must be located within Grand Forks's designated Renaissance Zone. For rehabilitation/remodel of a primary residence, improvement costs must equal at least 20% of the total taxable building value.
- Homebuyer education required: No
How to Apply for Grand Forks Renaissance Zone Tax Exemption
Step 1: Renaissance Zone projects must be approved by the City of Grand Forks AND the State of North Dakota BEFORE any project work begins (rehab/new construction) or before a sale closes (purchase). Apply through the Grand Forks Community Development office at 701-746-2545.
Notes
Grand Forks offers an 8-year exemption window — longer than most other ND Renaissance Zones. Exemption transfers to new owners during the eligibility period.