Housing
Incentives
The City of Carrington offers housing incentives to those who will either be purchasing an existing home, building a new home or remodeling an existing home within the city limits. The house has to be of permanent construction, meeting all Federal Housing Authority (FHA) standards. Final approval of eligibility for the incentive package will be at the discretion of the Carrington Economic Development Director (CEDD). For more information please contact Tracy Perhus at 701-652-3919 or via e-mail at cedd@daktel.com or Wendy Morlock at 701-652-2911 ext.1 or via e-mail at cgtncity@daktel.com.
Incentives
for purchasing an existing home (for new residents only)
Residents have to purchase a home within the city limits
within 6 months of moving to Carrington
| Incentive | Value |
| Carrington Cash | $500.00* |
| Free water & sewer (one year) | $420.00** |
| Building permit fee waived*** | $50.00 |
| Total Incentive Package Value**** | $970.00 |
*$500
in Carrington Cash to be used at participating Chamber businesses
** Anything above this basic yearly amount for water and sewer will be
billed to and paid for by the resident.
***Based on 10,000 housing improvements - Note: This value will vary depending
on amount of improvements
****Subject to approva
Incentives
for remodeling an existing home (for new and current residents)
The value of the incentive is determined on the amount
spent in remodeling costs. Only taxable materials bought from local Carrington
businesses can be used in the amount of remodeling costs, unless the materials
are not offered by any local Carrington business and must be purchased
outside of the area. Labor can NOT be included in the remodeling costs.
The remodeling improvements to the house must be of permanent fixation.
Below is the chart to determine the incentive value based on amount spent
in remodeling costs. The remodeling costs of a house may be accumulated
for one fiscal year and reported to the CEDD at the end of that fiscal
year to receive incentive value amount. Note: The maximum incentive
value is $500.00.
| Amount Spent in Remodeling Costs | Value |
| $3,000.00 | $150.00* |
| $5,000.00 | $200.00* |
| $7,500.00 | $250.00* |
| $10,000.00 | $300.00* |
| $12,500.00 | $400.00* |
| $17,500.00 | $500.00* |
| $22,500.00+ | $600.00* |
*The incentive value will be paid out in Carrington Cash
Incentives
for building a new home (for new and current residents)
Note: Newly constructed homes may be eligible for an exemption
on part of their valuation
for up to two taxable years following the taxable year construction began.
This exemption
is available to the first owner after the builder who resides on the property.
The incentives
are not transferable. The maximum allowable tax exemption is on $75,000
of the building value only.
The land is not exempt.
| Incentive | Value |
| Abatement of Real Estate Tax ( 2 yrs)* | $2,900.00 |
| Free water & sewer (one year) | $420.00** |
| Building permit fee waived*** | $943.00 |
| Total Incentive Package Value**** | $4,263.00 |
*Based on $75,000 or more new construction
** Anything above this basic yearly amount for water and sewer will be
billed to and paid for by the resident.
***Based on $100,000 in new construction - Note: This value will vary
depending on amount of new construction
****Subject to approval
These
incentives are offered on a limited basis and are subject to change at
any time.
Call 800-641-9668 for
information on relocating
to our community.
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