Remodeling

Certain jurisdictions offer remodeling incentives.

Fargo and West Fargo

Fargo has a five-year tax exemption on any value added through remodeling to residential properties over 40 years old. If a property is between 25 and 40 years old, it is eligible for a three-year exemption on remodeling and additions.

Through its Housing Rehabilitation Program, Fargo has loans and grants available for rehab work on single-family, owner-occupied homes. In addition, Fargo has incentives to encourage housing investment in its downtown and surrounding neighborhoods. There are assistance opportunities for low interest loans through the Neighborhood Revitalization Initiative (NRI) program and tax incentives for the Renaissance Zone.

Fargo Community Development Administrator Dan Mahli says, “Some incentives are based on household income, and others have no income restrictions. Program priorities address health and safety codes, structural improvements, weatherization, energy efficiency and general enhancements.”

West Fargo offers a five-year remodeling tax exemption on residential property at least 25 years old with a $25,000 increase in true and full value. A project that is less than $25,000 is eligible for an exemption up to three years.

West Fargo’s Renaissance Zone encompasses a 20-block area primarily located on Sheyenne St., Center St. and Main Ave. corridors. Residential properties included in this area are eligible for property tax exemptions through the city and approved projects can apply for state income tax exemptions.

Fargo has a five-year tax exemption on any value added through remodeling to residential properties over 40 years old. If a property is between 25 and 40 years old, it is eligible for a three-year exemption on remodeling and additions.

Moorhead and Dilworth

Moorhead offers a citywide two-year property tax rebate on home improvements $25,000 or greater, and apartment complex improvements $50,000 or greater. The rebate is given on tax-assessed value of the improvements, not the cost. There are no income or property age restrictions on this rebate program.

Moorhead also offers interest-free loans of up to $20,000 through its Community Development Block Grant Home Rehabilitation Program for income-qualified residents. In addition, The Neighborhood Impact Program, in partnership with Gate City Bank, provides home improvement funds for households at or below area median income ($72,100), and as Moorhead Community Development Manager Lisa Vatnsdal points out, there is no income restriction for owners of homes built before 1970.

Both Moorhead and Dilworth offer the Minnesota Fix Up Fund, through which households earning $96,500 or less may borrow up to $50,000 and repay the loan with fixed monthly payments over 10 to 20 years.

Dilworth has a housing rehabilitation program available through Clay County Housing & Redevelopment Authority for income-qualified owner-occupied homes to receive grants to rehabilitate their houses.

This information encompasses Dilworth, Fargo, Moorhead and West Fargo. If unlisted, contact your local jurisdiction for more details on specific incentives it may offer.