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Message: <blockquote data-quote="tikkalover" data-source="post: 420906" data-attributes="member: 600"><h3>North Dakota Tax Office received 137,000 applications for Primary Residence Credit this year</h3>BISMARCK, N.D. (KFYR) - The primary residence tax credit was established during the last legislative session in 2023 as part of a more than $500 million tax relief package. The Primary Residence Credit was a part of the property tax relief program within the bill as a way to provide tax relief to all citizens in the state. The requirements are that you own and occupy your home as a primary residence.Tax Commissioner Brian Kroshus has been busy receiving and processing the results from the Primary Residence Credit as this was the first year people were able to apply. He said the participation rate was incredibly high, stretching into the 90% range. Kroshus said his office received 137,000 applications.“Up to $500 with property values nowadays and tax obligations, most people did receive or will receive the full $500. That will be reflected on the property tax statement they see this coming December,” said Kroshus.Kroshus said the overall process went really well. He said it was well received and the one common theme his office heard from the public throughout the process was that it was easy.“Not difficult to understand and took only a few minutes to fill out the application. Citizens were very pleased with the experience,” said Kroshus.As far as issues that arose this year, Kroshus said there is one in particular, and they are looking to address two areas of focus in the upcoming legislative session. One is homes in trust that didn’t qualify, and the other is the possibility of expanding the amount of the Primary Residence Credit.“From $500 to $1,000 is a pretty common thought, and it could potentially be even more,” said Kroshus.If you weren’t able to take advantage of the Primary Residence Credit this year, Kroshus said you will have the opportunity again next year.“If someone did not qualify this year because they didn’t own a home, we’ll have some new home purchases, people that’ll move from a renting situation to home ownership. They’ll certainly be eligible to apply,” said Kroshus.At the end of the day, Kroshus said whenever the state can provide relief to the citizens of North Dakota through tax relief programs and return some dollars to them, it’s a win-win.Applications for next year’s Primary Residence Credit open on Jan. 1 and will remain open until March 31. For more information, click <a href="https://www.tax.nd.gov/prc" target="_blank">here</a>.</blockquote>

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