Homestead Credit for the Elderly or Disabled
The homestead credit exemption is available for senior citizens or disabled homeowners on a limited income. These are the requirements:
You must be at least 65 years old (unless you are permanently and totally disabled).
You must own and live in the home for which the credit is claimed. Ownership must be as of February 1 of the year in which you claim the exemption.
Your total household income from all sources may not be more than $26,000 ($17,500 prior to the 2009 tax year) after deducting medical expenses.
Your assets may not exceed $75,000 in value (excluding the first $100,000 value of your homestead).
View a detailed description of this exemption as a PDF file. You will need the free Adobe Acrobat Reader to view this document.
The amount of exemption is dependent on the amount of your annual income. You must apply each year through the City of Fargo Assessment Department.
If you feel you may be eligible or have any questions, please call that office at 701-241-1340.