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Minot committee hears update on two‑year new‑construction property tax exemption
Summary
City Assessor Ryan Kamrowski told the Economic Development Plan Review Committee that Minot’s two‑year property tax exemption for new single‑family owner‑occupied homes has seen 30 applications to date; the exemption is elective under state law and is unfunded by the state, city staff said.
Ryan Kamrowski, the City Assessor, told the Minot Economic Development Plan Review Committee on Jan. 24 that the city’s two‑year new‑construction property tax exemption has seen increased uptake since its implementation in 2024.
The exemption, adopted by the City Council in 2023, reduces a property’s true and full valuation by $150,000 for two years for qualifying owner‑occupied single‑family residences, Kamrowski said. It does not apply to commercial properties, fourplexes or any multiunit property on a single parcel that is not entirely owner‑occupied.
Kamrowski said the program was set up for owner‑occupants and…
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