Tax Credit Program Benefits Low-Income Senior Citizens - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Tax Credit Program Benefits Low-Income Senior Citizens

Posted: Updated:

The state tax commissioner says he plans to start promoting recent legislative changes to the Homestead Tax Credit Program. He says the changes allow more low-income senior citizens and people with disabilities to qualify for the credit.

It's available to homeowners who are 65 years of age or older, or who have a permanent disability. Qualified applicants receive a reduction in the property taxes on their primary residence.  

The program reduces a homeowner's taxable value by up to as much as 100 percent or a maximum reduction of $4,500 based on the homeowner's income.  The legislature expanded the top qualifying income from $26,000 to $42,000.  

"Even though the traditional June deadline for the homestead tax credit program has already passed, we want seniors and disabled persons who may not have qualified under the prior threshold or seniors and disabled persons who may not even know about the program, to find out more about it," says Tax Commissioner Cory Fong.

Applications are available on the tax departments website at www.nd.gov/tax.

  • Latest NewsMore>>

  • Globetrotters Hit Magic City

    Globetrotters Hit Magic City

    Thursday, April 17 2014 11:41 PM EDT2014-04-18 03:41:03 GMT
    A show-case of basketball skills and family entertainment is hitting the Magic City tonight.  The Harlem Globetrotters are making a stop in Minot as part of their "Fans Rule" World Tour.  The team has
    The Harlem Globetrotters are making a stop in Minot as part of their "Fans Rule" World Tour.
  • Bismarck Fire Department Responds to Apartment Fire

    Bismarck Fire Department Responds to Apartment Fire

    Thursday, April 17 2014 11:18 PM EDT2014-04-18 03:18:53 GMT
    The Bismarck Fire Department responded to a fire an apartment building this afternoon at 2018 East Avenue D.   Firefighters found a small fire in the kitchen of a second story apartment and were able
    The Bismarck Fire Department responded to a fire an apartment building this afternoon.
  • USDA Providing $3.1 Million for N.D. Specialty Crops

    USDA Providing $3.1 Million for N.D. Specialty Crops

    Thursday, April 17 2014 10:42 PM EDT2014-04-18 02:42:57 GMT
    North Dakota will be receiving $3.1 million from the Department of Agriculture for specialty crops. That's more than a 600 percent increase from last year's funding, thanks to the recently passed Farm
    North Dakota will be receiving $3.1 million from the Department of Agriculture for specialty crops.
  • TOOLBOX

Most Popular

Stories
Videos
loading...
  • Special Feature HomeSpecial FeaturesMore>>

  • Ask An Attorney

    Ask An Attorney

    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
  • Mobile Apps

    Mobile Apps

    We have the best Mobile Apps.  Learn how you can download yours today.
  • Me-TV North Dakota

    Me-TV North Dakota

    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.
    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.  Me-TV North Dakota will also play a replay on the Evening and Night Report at 11:30pm Monday-Friday.  As well as, local news and weather updates throughout the day.
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KFYR. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.