{"data":{"id":"us-nd/n.d.-cent.-code-40-63-05","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 40-63-05","heading":"Property tax exemptions","body":"1.A municipality may grant a partial or complete exemption from ad valorem taxation on single-family residential property, exclusive of the land on which it is situated, if the property was purchased or rehabilitated by an individual for the individual's primary place of residence as a zone project. An exemption granted under this subsection may not extend beyond eight taxable years following the date of acquisition or completion of rehabilitation.\n2.A municipality may grant a partial or complete exemption from ad valorem taxation on buildings, structures, fixtures, and improvements purchased or rehabilitated as a zone project for any business or investment purpose. The state board of equalization may grant a partial or complete exemption from ad valorem taxation on public utility infrastructure rehabilitated as a zone project. An exemption under this subsection may not extend beyond eight taxable years following the date of purchase or completion of rehabilitation.","path":["Title 40 Municipal Government","Chapter 40-63 Renaissance Zones"],"source_url":"https://ndlegis.gov/cencode/t40c63.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"4e1eb1a17898c09a847a343dcfeb5c4af71c63b043e0fb2303ee2498a3c9864d","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-40-63-04","next":"us-nd/n.d.-cent.-code-40-63-06"},"notice":"GroundRules: Original legal text. Not legal advice."}