Deadline Passed: North Dakota Homeowners Miss Out on Primary Residence Credit as Deadline Expires
Overwhelming Response: Surge in Applications Highlights Importance of Property Tax Relief Initiatives
According to published article of knoxradio, The deadline for North Dakota homeowners to capitalize on the Primary Residence Credit has elapsed marking the conclusion of a program initiated by the 2023 legislature. Designed to alleviate property tax burdens the credit offered up to $500 against 2024 property tax obligations. With a surge of interest,the North Dakota Tax Department reported a total of 137,204 homeowners statewide including 11,677 in Grand Forks County submitting applications before the March 31st cutoff. This fervent response underscores the significance of such initiatives in easing financial strains for homeowners across the state.
Tax Credit Frenzy: ND Sees High Demand for Tax Credits (PHOTO: JazzHR)
Boosting Participation: Grand Forks Sees Surge in Homestead Property Tax Credit Applications Following Income Limit Adjustment
Moreover legislative adjustments to the Homestead Property Tax Credit such as elevating income limits to $70,000, have bolstered participation rates. Notably, Grand Forks County officials observed a remarkable 50% spike in applications following this modification. The increased support translates into tangible benefits for homeowners with approximately 1,000 individuals in the city seeking to avail themselves of the credit. With $43,500,000 allocated by the legislature to sustain the program, these measures reflect a concerted effort to provide meaningful relief and support to North Dakota residents facing property tax challenges.
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