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Property Tax Credit & Exemptions
The following is a list of common credits offered, who is eligible to receive these credits and how to apply.
Ag Land Credit
This credit was established to partially offset the school tax burden borne by agricultural real estate.
Barn & One Room School House
Exempts from taxation the increase in assessed value from improvements made to barns constructed prior to 1937 and one room school houses.
Business Property Tax Credit
This credit is available for certain commercial, industrial and railroad properties.
Disabled Veteran Homestead
Veterans with 100% service related disability status qualify for this credit. Veterans also qualify who have a permanent and total disability rating based on unemployability paid at the 100% disability rate.
Family Farm Land Credit
Credit established to partially offset the school tax burden borne by agricultural real estate.
Forest & Fruit Tree Reservation
Provides an exemption for property established as a forest or fruit tree reservation.
Exemption for value added by any new or refitted construction or installation of a geothermal heating or cooling system on or after July 1, 2012, on property classified as residential.
Historic Property Rehabilitation
Property approved by the Assessor is eligible for a property tax exemption for up to four years if it meets the definition of “historic property.”
Originally adopted to encourage home ownership through tax relief.
Industrial, Research-Service, Warehouses Exemption
Exemption to encourage industrial and commercial development.
Reduces the taxable value of property for military veterans.
Native Prairie/Wetlands Exemption
This is an exemption for land preserved in its natural condition.
Religious, Educational & Charitable Property
This is an exemption is for property used for religious, education or charitable purposes.
Urban Revitalization Exemption
Urban Revitalization Exemption is a value-added exemption, to encourage development in urban areas.
Wind Energy Property Exemption
This exemption promotes energy conservation.