Menoken, North Dakota Property Taxes
The median property tax rate in Menoken, ND is 0.69%, which is 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 $239,800 in Menoken, the typical annual property tax bill comes to $1,640, well below the national median of $2,690. Property taxes in Menoken are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Menoken'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 Menoken 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
Menoken, 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 Menoken Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Menoken with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Menoken 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 Burleigh County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Menoken, North Dakota
Property taxes in Menoken, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Menoken is 0.69%, lower than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Menoken set these rates annually, and they can vary significantly across different neighborhoods. Each year, Menoken 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 Menoken's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58558 zip code has the highest median property tax rate of 0.69%, while the 58558 zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Menoken provides valuable insights into the varying tax landscape across Burleigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Menoken Tax Rate
0.69%
Average Burleigh County Tax Rate
1.14%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Menoken, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58558 | 0.59% | 0.60% | 0.69% | 0.73% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Menoken, North Dakota
In Menoken, 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 Burleigh 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 Menoken, 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 Menoken helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Menoken are both $1,640 in zip code 58558.
Average Menoken Assessed Value
$239,800
Average Burleigh County Assessed Value
$262,900
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Menoken, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58558 | $94,240 | $164,950 | $239,800 | $329,725 | $421,530 |
Source: Ownwell
Property Tax Bills Across Menoken, North Dakota
In Menoken, Burleigh County, ND, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as property size, location, and improvements. The local tax rate, which in Menoken falls within the national median property tax rate of 0.99%, is applied to this assessed value to calculate the annual tax bill. Homeowners in Menoken can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,204, while those in the 75th percentile face bills of approximately $2,275. At the higher end, the 90th percentile tax bill reaches $2,976. These variations can significantly impact homeowners, influencing decisions on property improvements, purchasing, and long-term financial planning. Comparing these figures to the national median provides context for understanding the relative tax burden on Menoken residents.
Average Menoken Tax Bill
$1,640
Average Burleigh County Tax Bill
$2,929
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Menoken, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58558 | $545 | $1,204 | $1,640 | $2,275 | $2,976 |
Source: Ownwell