At a Glance:
Benefit: Property tax exemption for up to 5 years (with potential extensions)
Eligibility: Certified primary sector businesses (including agricultural processors and leaseholders on government property)
Deadline: Varies; annual application required for extensions
Details:
A new or expanding business project that is certified as a primary sector business by the Department of Commerce Division of Economic Development and Finance may be granted a property tax exemption for up to five years. Two extensions are available:
- Agricultural processors may be granted a partial or full exemption for up to five additional years.
- A project located on property leased from a government entity qualifies for an exemption for up to five additional years upon annual application by the project operator.
In addition to, or instead of, an exemption, local governments and any project operator may negotiate payments in lieu of property tax for a period of up to 20 years from the date project operations begin.
Application Process/ Requirements
More information about qualifications and application procedures can be found on the North Dakota Tax website.
Please contact the Assessor’s Office for application assistance