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125 homes built in 2019 and another 123 in 2020 will receive property tax rebates, amounting to an average of $3,334 per home.
Thousands of homeowners to benefit from $3,334 break
Out of the $827,000 in tax money available, Clay County, the school district, and Moorhead predict that 125 homes built in 2019 and another 123 in 2020 will receive property tax rebates, amounting to an average of $3,334 per home.
However, Marca reported, the amount may differ; according to the program’s official website, a new $300,000 property may be eligible for a reimbursement worth more than $7,500.
Approximately 1,350 homes were constructed between 2012 and 2021, according to City Council data, with a total taxable value of more than $390 million.
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