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Cities offer tax incentives on new construction Fargo and West Fargo
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ave up to $4,000 on your property tax bill when you buy a newly built home in Fargo or West Fargo: • Home owners get an exemption on up to $150,000 off their property valuation for two taxable years following the year the home was sold. (Home owners will be responsible for the property taxes for the partial year until the next taxable year begins.) • Available on newly constructed single-family homes, townhomes and condominiums. • Available to the first owner after the builder who resides on the property.
Dilworth and Moorhead
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et a two-year property tax rebate on newly built homes in Dilworth and Moorhead: on a $250,000 home, this is a value of $5,500 over the two year period. • There is no maximum value on new construction of single-family homes, including the building and land. • Home buyers get a full rebate of general taxes paid to the city, schools and county in a check at year-end for two years. • Available citywide in both Dilworth and Moorhead.
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2015 HBA of F-M Membership Directory & Consumer Guide