Bill > HB1335

This bill modifies the North Dakota homestead tax credit by lowering the age qualification from 65 to 62 years old and adjusting income thresholds for tax assessment reductions. The bill increases the income limits for receiving a full or partial tax exemption on a homestead, raising the income threshold for a 100% reduction from $40,000 to $70,000 and the threshold for a 50% reduction from $70,000 to $100,000. These changes mean that more seniors and permanently disabled individuals will be eligible for a tax reduction on their property. The existing rules remain in place, such as the exemption continuing if the homeowner is temporarily in a care facility and the provision that only one exemption is allowed for spouses or dependents living together. The bill will take effect for taxable years beginning after December 31, 2024, meaning homeowners can first apply these new provisions on their 2025 tax returns.

Budget and Finance

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1335.html