Manning, North Dakota Property Taxes
The median property tax rate in Manning, ND is 0.55%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $74,300 in Manning, the typical annual property tax bill amounts to $412, well below the national median of $2,690. Property taxes in Manning are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Manning's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Manning or another part of the city, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Manning, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$409
Ownwell’s Manning Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manning with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manning 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 Manning, North Dakota
Property taxes in Manning, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manning is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Manning set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manning 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. Comparing Manning's effective property tax rate to other areas in North Dakota and the national median provides valuable insights into the varying tax landscape across Billings County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Manning Tax Rate
0.55%
Average Billings County Tax Rate
0.55%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manning, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58642 | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Manning, North Dakota
In Manning, 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 Billings 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 Manning, 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. 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 Manning helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Manning, the zip code 58642 has both the highest and lowest median tax bill at $412, reflecting a consistent property tax landscape across the area.
Average Manning Assessed Value
$74,300
Average Billings County Assessed Value
$50,600
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Manning, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58642 | $74,300 | $74,300 | $74,300 | $74,300 | $74,300 |
Source: Ownwell
Property Tax Bills Across Manning, North Dakota
In Manning, ND, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the home. For example, if the median home price in Manning is $74,300, the assessed value would be a fraction of this amount. The local tax rate is then applied to the assessed value to determine the annual tax bill. In Manning, the median property tax bill is $412, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Lower property tax bills can make homeownership more affordable, attracting new residents and benefiting the local economy. However, homeowners should be aware that lower tax revenues might also impact public services and infrastructure. Understanding how these factors interplay can help homeowners better manage their finances and plan for future expenses.
Average Manning Tax Bill
$412
Average Billings County Tax Bill
$281
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Manning, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58642 | $412 | $412 | $412 | $412 | $412 |
Source: Ownwell