Property Tax Bill Correcting Oversight Signed by North Dakota Governor

 Gov. Kelly Armstrong. (Michael Achterling/North Dakota Monitor)

(North Dakota Monitor staff) – North Dakota Gov. Kelly Armstrong signed a bill  that cleans up property tax legislation from two years ago.

Senate Bill 2201 expands eligibility for the $500 primary residence tax credit to an estimated 3,900 more households. The bill clarifies that the tax credit lawmakers approved in 2023 applies to homes held by trust, life estates and property being purchased under a contract for deed.

“This bill corrects an oversight from last session and rightfully allows primary residences held in trust to be eligible for the primary residence credit on their 2024 and 2025 property taxes,” primary sponsor Sen. Mark Weber, R-Casselton, said in a statement.

The bill was approved unanimously by the House and Senate. It is estimated to save taxpayers up to $1.9 million for the 2023-25 and 2025-27 budget cycles.