ND HB1335

Lowers the age eligibility for the homestead tax credit from 65 to 62 years old for property tax reductions on primary residences

Increases the income threshold for 100% taxable valuation reduction from $40,000 to $70,000 (maximum reduction of $9,000 in taxable valuation)

Raises the income threshold for 50% taxable valuation reduction from $40,000-$70,000 to $70,000-$100,000 (maximum reduction of $4,500 in taxable valuation)

Permanently and totally disabled individuals remain eligible regardless of age under the same income thresholds

Effective for taxable years beginning after December 31, 2024