Westhope, North Dakota Property Taxes
The median property tax rate in Westhope, ND is 1.45%, considerably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Westhope at $40,900, the typical annual property tax bill reaches $593, which is below the national median of $2,690. Property taxes in Westhope 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 Westhope'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 Westhope or another part of Bottineau County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Westhope, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$593
Ownwell’s Westhope Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westhope with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westhope 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 Westhope, North Dakota
Property taxes in Westhope, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westhope is 1.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within Westhope set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westhope 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 Westhope's effective property tax rate to other areas and the national median. For comparison, the zip code 58793 has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these figures compare with Westhope 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 Westhope Tax Rate
1.45%
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 Westhope, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58793 | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Westhope, North Dakota
In Westhope, 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. Assessment notices in Westhope 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 Westhope helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Westhope is $40,900, with the median tax bill at $593, consistent across various zip codes like 58793.
Average Westhope Assessed Value
$40,900
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 Westhope, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58793 | $40,900 | $40,900 | $40,900 | $40,900 | $40,900 |
Source: Ownwell
Property Tax Bills Across Westhope, North Dakota
Property tax bills in Westhope, located in Bottineau County, ND, are determined based on the assessed value of a property, which is typically a percentage of its market value. For instance, the median home price in Westhope is $40,900. The property tax rate is applied to this assessed value to calculate the tax bill. In Westhope, the median property tax bill stands at $593, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. Homeowners in Westhope should be aware of these factors as they directly impact their annual property tax obligations. The uniformity in the tax bill, with the 25th, 75th, and 90th percentiles all at $593, indicates a consistent application of the tax rate across different property values. This consistency helps homeowners predict their tax liabilities more accurately, aiding in better financial planning.
Average Westhope Tax Bill
$593
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 Westhope, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58793 | $593 | $593 | $593 | $593 | $593 |
Source: Ownwell