Property Tax

All real property, unless specifically exempted, is subject to property tax. The tax is due January 1 of each year following the year of assessment and is payable without penalty until March 1. A 5% discount is allowed for taxes paid in full by February 15. The county determines and collects real property taxes and distributes the revenue to the county, cities, townships, school districts, and other taxing districts.

Property Tax Incentives:

• Real Estate Tax Abatements: New or expanding businesses may quality for property tax abatements in the respective communities.
• Renaissance Zones: The Renaissance Zones within the communities may offer an opportunity to not only save on property taxes but will offer an opportunity for a business to save on ND State Income Taxes.
• Tax Increment Financing: May be available to fund infrastructure development for a particular business site. This program encourages public-private partnerships, enables multiple financing options, benefits the community, etc.