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Minot committee reviews two-year tax exemption for new single-family homes; officials say program is unfunded by state

2651479 · February 13, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

City Assessor Ryan Kamrowski told the Economic Development Plan Review Committee that Minot’s two-year property tax exemption for new owner-occupied single-family homes has seen growing uptake; officials stressed the exemption is unfunded by the state and shifts tax burden to other property owners.

The Economic Development Plan Review Committee on Jan. 24 heard from City Assessor Ryan Kamrowski about Minot’s two-year property tax exemption for newly constructed single-family residences, a program the City Council adopted in 2023.

Kamrowski told the committee the exemption reduces the taxable value of qualifying homes by $150,000 for two years and applies only to owner‑occupied, single‑family dwellings. “It has to be owner occupied. It’s only for single family residents. So fourplexes, commercial properties are out of the question for that exemption,” Kamrowski said.

The program’s outreach and application numbers were a focus. Kamrowski said his office distributed information as part of routine sales-verification work and had sent application material to…

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