Mccanna, North Dakota Property Taxes
The median property tax rate in McCanna, ND is 1.00%, slightly above the national median of 0.99% but below the North Dakota state median of 1.30%. With a median home value of $146,600, the typical annual property tax bill in McCanna amounts to $1,513, which is lower than the national median of $2,690. Property taxes in McCanna are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding McCanna'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 McCanna or another part of Grand Forks County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mccanna, 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 McCanna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McCanna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McCanna 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 Mccanna, North Dakota
Property taxes in McCanna, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McCanna is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within McCanna set these rates annually, and they can vary significantly across different neighborhoods. Each year, McCanna 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 McCanna's effective property tax rate to other areas in Grand Forks County and the national median. For comparison, the 58251 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with McCanna provides valuable insights into the varying tax landscape across Grand Forks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mccanna Tax Rate
1.00%
Average Grand Forks County Tax Rate
1.49%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mccanna, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58251 | 0.76% | 0.99% | 1.00% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Mccanna, North Dakota
In McCanna, 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 Grand Forks 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 McCanna, 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 McCanna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $1,513 in the 58251 zip code.
Average Mccanna Assessed Value
$146,600
Average Grand Forks County Assessed Value
$201,100
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mccanna, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58251 | $23,040 | $60,075 | $146,600 | $223,175 | $256,430 |
Source: Ownwell
Property Tax Bills Across Mccanna, North Dakota
In McCanna, located in Grand Forks County, ND, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in McCanna is $146,600. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property location, home size, and any applicable exemptions or deductions are considered in this calculation. Homeowners in McCanna typically see a range in their property tax bills. For example, the tax bill at the 25th percentile is $259, while at the 75th percentile, it rises to $2,272. At the 90th percentile, homeowners might pay up to $2,579. These figures highlight the variability in property taxes, which can impact household budgets significantly. Compared to the national median property tax rate of 0.99%, McCanna's property taxes can be relatively moderate, offering a degree of affordability for residents while supporting local services and infrastructure.
Average Mccanna Tax Bill
$1,513
Average Grand Forks County Tax Bill
$2,953
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Mccanna, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58251 | $118 | $259 | $1,513 | $2,272 | $2,579 |
Source: Ownwell