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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 limited developer relief: "Back in 2023, the city council adopted the 2 year new construction, single family residence property tax exemption for both owner occupied structures and then there's also a developers, up to 10 properties for developers," Kamrowski said. He reported five applications in 2024 (four residential and one builder request) and about 30 total applications as of the Jan. 24 meeting.
Committee members asked for clarifications about eligibility. "If it was all platted on one single individual parcel you would not [qualify] because the entire property has to be owner occupied because you are making an income off of it," Kamrowski said, explaining that a duplex or fourplex on one parcel would not qualify even if an owner occupies one unit. He added that townhomes sold on separate lots can qualify for the owner‑occupied lot.
The committee also discussed the program’s fiscal effect on the tax base. The chair asked whether the exemption is reimbursed by the state; Kamrowski said it is not. "This program ... is an elective exemption that the city has elected to apply to the properties ... it is a straight exemption there is no tax credit payment back from the state is that tax burden is then pushed off onto or moved over to other properties in the city," Kamrowski said. Committee members noted tradeoffs between attracting new residents and shifting local property tax burdens to other taxpayers.
Kamrowski gave additional context: since 2023 the assessor’s office added 139 new residential properties to the tax roll, and the current application rate represents roughly a 20 percent uptake relative to those new additions. He described office procedures to identify newly built sales and provide application materials to owners.
The committee had no formal action on the exemption during the meeting; members thanked Kamrowski and moved on to the next agenda item.
