Marion, North Dakota Property Taxes
The median property tax rate in Marion, ND is 1.12%, higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $149,300 in Marion, the typical annual property tax bill amounts to $1,695, which is below the national median of $2,690. Property taxes in Marion are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marion's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Marion or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marion, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,672
Ownwell’s Marion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marion to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Marion, North Dakota
Property taxes in Marion, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marion is 1.12%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Marion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marion estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Marion's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58466 zip code has the highest median property tax rate of 1.12%, while the same zip code has the lowest median tax rate of 1.12%. Understanding how these cities compare with Marion provides valuable insights into the varying tax landscape across Barnes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marion Tax Rate
1.12%
Average Barnes County Tax Rate
1.12%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marion, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58466 | 1.07% | 1.07% | 1.12% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Marion, North Dakota
In Marion, North Dakota, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Barnes County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Marion, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. Marion's median home price is $149,300, with property tax bills ranging from $795 at the 25th percentile to $3,074 at the 90th percentile. The highest and lowest median tax bill in the area is $1,695 in the 58466 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Marion helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marion Assessed Value
$149,300
Average Barnes County Assessed Value
$86,700
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marion, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58466 | $3,180 | $35,900 | $149,300 | $180,900 | $270,740 |
Source: Ownwell
Property Tax Bills Across Marion, North Dakota
In Marion, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Marion experience a range of property tax bills, with the 25th percentile at $795 and the 75th percentile reaching $2,095. For those in the 90th percentile, the tax bill can be as high as $3,074. Factors that influence the assessed value include the home's market value, location, and any improvements or renovations made. These property taxes directly affect homeowners by contributing to community services such as schools, infrastructure, and emergency services. With the national median property tax rate at 0.99%, Marion's property tax landscape provides a comparative understanding of how local rates impact homeowners differently across various regions. The highest median tax bill in the area stands at $1,695, emphasizing the variability within the county.
Average Marion Tax Bill
$1,695
Average Barnes County Tax Bill
$1,027
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Marion, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58466 | $137 | $795 | $1,695 | $2,095 | $3,074 |
Source: Ownwell