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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
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.
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