Residential New Construction Exemption
Newly constructed single family, duplex, townhome, or condominium properties may be eligible for an exemption of up to $150,000 of building value. The maximum term of the exemption is the two taxable years following completion of the building and occupancy by the first owner after the builder. The taxable year is from February 1 to January 31.
Builders may be eligible for an exemption of up to $150,000 of building value on up to five homes in a given year. The homes must be vacant and owned by the builder. The maximum term for the builder exemption is the year in which construction began and one additional year.
To get an application or to learn more about this exemption, contact the City of Fargo Assessment Department via e-mail at firstname.lastname@example.org or by calling 701-241-1340.