Form 24757 - Homestead Credit Application For Senior Citizens & Disabled Persons Page 2
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2N.D.C.C. § 57-02-08.1. Homestead credit.
1.
a. Any person sixty-fi ve years of age or older or permanently and totally disabled, in the year in which the tax was levied, with an income
that does not exceed the limitations of subdivision c is entitled to receive a reduction in the assessment on the taxable valuation on the
person’s homestead. An exemption under this subsection applies regardless of whether the person is the head of a family.
b. The exemption under this subsection continues to apply if the person does not reside in the homestead and the person’s absence is due
to confi nement in a nursing home, hospital, or other care facility, for as long as the portion of the homestead previously occupied by the
person is not rented to another person.
c. The exemption must be determined according to the following schedule:
(1) If the person’s income is not in excess of eighteen thousand dollars, a reduction of one hundred percent of the taxable valuation of
the person’s homestead up to a maximum reduction of four thousand fi ve hundred dollars of taxable valuation.
(2) If the person’s income is in excess of eighteen thousand dollars and not in excess of twenty thousand dollars, a reduction of eighty
percent of the taxable valuation of the person’s homestead up to a maximum reduction of three thousand six hundred dollars of
taxable valuation.
(3) If the person’s income is in excess of twenty thousand dollars and not in excess of twenty-two thousand dollars, a reduction of sixty
percent of the taxable valuation of the person’s homestead up to a maximum reduction of two thousand seven hundred dollars of
taxable valuation.
(4) If the person’s income is in excess of twenty-two thousand dollars and not in excess of twenty-four thousand dollars, a reduction of
forty percent of the taxable valuation of the person’s homestead up to a maximum reduction of one thousand eight hundred dollars
of taxable valuation.
(5) If the person’s income is in excess of twenty-four thousand dollars and not in excess of twenty-six thousand dollars, a reduction of
twenty percent of the taxable valuation of the person’s homestead up to a maximum reduction of nine hundred dollars of taxable
valuation.
d. Persons residing together as spouses or when one or more is a dependent of another, are entitled to only one exemption between or
among them under this subsection. Persons residing together, who are not spouses or dependents, who are coowners of the property are
each entitled to a percentage of a full exemption under this subsection equal to their ownership interests in the property.
e. This subsection does not reduce the liability of any person for special assessments levied upon any property.
f. Any person claiming the exemption under this subsection shall sign a verifi ed statement of facts establishing the person’s eligibility.
g. A person is ineligible for the exemption under this subsection if the value of the assets of the person and any dependent residing with
the person, excluding the unencumbered value of the person’s residence that the person claims as a homestead, exceeds seventy-fi ve`
thousand dollars, including the value of any assets divested within the last three years. For purposes of this subdivision, the unencumbered
valuation of the homestead is limited to one hundred thousand dollars.
h. The assessor shall attach the statement fi led under subdivision f to the assessment sheet and shall show the reduction on the assessment
sheet.
i. An exemption under this subsection terminates at the end of the taxable year of the death of the applicant.
. . . .
4.
A person whose homestead is a farm structure exempt from taxation under subsection 15 of section 57-02-08 may not receive any property
tax credit under this section.
5.
For the purposes of this section:
a. “Dependent” has the same meaning it has for federal income tax purposes.
b. “Homestead” has the same meaning as provided in section 47-18-01.
c. “Income” means income for the most recent complete taxable year from all sources, including the income of any dependent of the
applicant, and including any county, state, or federal public assistance benefi ts, social security, or other retirement benefi ts, but excluding
any federal rent subsidy, any amount excluded from income by federal or state law, and medical expenses paid during the year by the
applicant or the applicant’s dependent which is not compensated by insurance or other means.
d. “Medical expenses” has the same meaning as it has for state income tax purposes, except that for transportation for medical care the
person may use the standard mileage rate allowed for state offi cer and employee use of a motor vehicle under section 54-06-09.
e. “Permanently and totally disabled” means the inability to engage in any substantial gainful activity by reason of any medically determinable
physical or mental impairment which can be expected to result in death or has lasted or can be expected to last for a continuous period
of not less than twelve months as established by a certifi cate from a licensed physician or a written determination of disability from the
social security administration.
INCOME
Income from all sources includes all income of any kind received during the calendar year preceding the February 1 assessment date by the
person claiming the homestead credit and any dependents, including the spouse if married and living together. For example, it includes, but is
not limited to, such items as:
1. Social security benefi ts
6. Dividends or interest
2. SSI benefi ts
7. Unemployment compensation benefi ts
3. Pensions
8. Gains from the sale of property
4. Retirement benefi ts
9. Net rental income (total rental income less related expenses)
5. Salaries, wages, commissions and fees
10. Net profi t from any business, including farming and ranching.
* Confi dentiality. Income and medical expenses contained in this application are confi dential. However, they may be disclosed to the board
of county commissioners and county auditor, as needed, to carry out their offi cial duties.
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