Bottineau, North Dakota Property Taxes
The median property tax rate in Bottineau, ND is 0.91%, which is notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Bottineau at $147,600, the typical annual property tax bill amounts to $1,393, falling below the national median of $2,690. Property taxes in Bottineau are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bottineau'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 Bottineau or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bottineau, North Dakota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,600
Ownwell’s Bottineau Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bottineau with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bottineau 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 Bottineau, North Dakota
Property taxes in Bottineau, North Dakota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bottineau is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Bottineau set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bottineau 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 Bottineau's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58318 has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Bottineau provides valuable insights into the varying tax landscape across Bottineau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bottineau Tax Rate
0.91%
Average Bottineau County Tax Rate
0.90%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bottineau, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58318 | 0.87% | 0.87% | 0.91% | 1.41% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Bottineau, North Dakota
In Bottineau, 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 Bottineau 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 Bottineau, 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 Bottineau helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 58318 has the highest median tax bill of $1,393.
Average Bottineau Assessed Value
$147,600
Average Bottineau County Assessed Value
$150,650
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bottineau, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58318 | $19,440 | $42,950 | $147,600 | $218,100 | $326,220 |
Source: Ownwell
Property Tax Bills Across Bottineau, North Dakota
In Bottineau, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Homeowners then multiply this assessed value by the local tax rate to determine their annual tax bill. Factors such as property location, size, and improvements can influence the assessed value, leading to variations in tax bills across different properties. For instance, in Bottineau County, the median home price is $147,600. Homeowners in this area can expect their tax bills to vary significantly. The tax bill at the 25th percentile is around $584, while at the 75th percentile, it rises to $1,959. At the 90th percentile, it can go up to $2,865. These figures show that while some homeowners pay relatively modest property taxes, others may face higher bills, depending on their property's assessed value and the specific tax rate applied. This system ensures that property taxes are proportional to the value of the property, affecting homeowners differently based on their property's worth.
Average Bottineau Tax Bill
$1,393
Average Bottineau County Tax Bill
$1,406
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Bottineau, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58318 | $220 | $584 | $1,393 | $1,959 | $2,865 |
Source: Ownwell