Hannaford, North Dakota Property Taxes
The median property tax rate in Hannaford, ND is 0.91%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Hannaford at $55,352, the typical annual property tax bill reaches $487, significantly below the national median of $2,690. Property taxes in Hannaford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hannaford'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 Hannaford 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
Hannaford, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$504
Ownwell’s Hannaford Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Hannaford with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Hannaford to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county for tax purposes, includes any applicable exemptions, offering a comprehensive view of your tax obligations.
Property Tax Rates Across Hannaford, North Dakota
Property taxes in Hannaford, 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 Hannaford is 0.91%, slightly lower than the U.S. national median of 0.99%. Local government entities within Hannaford set these rates annually, and they can vary across different neighborhoods. Each year, Hannaford 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 Hannaford's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58448 has both the highest and lowest median property tax rate of 0.91%. Understanding how these figures compare with Hannaford provides valuable insights into the varying tax landscape across Griggs County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hannaford Tax Rate
0.91%
Average Griggs County Tax Rate
0.91%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hannaford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58448 | 0.86% | 0.88% | 0.91% | 0.95% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Hannaford, North Dakota
In Hannaford, 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 local 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 Hannaford, 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 Hannaford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $487 in zip code 58448, which is also the lowest median tax bill.
Average Hannaford Assessed Value
$55,352
Average Griggs County Assessed Value
$68,520
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hannaford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58448 | $15,778 | $21,699 | $55,352 | $124,459 | $196,264 |
Source: Ownwell
Property Tax Bills Across Hannaford, North Dakota
In Hannaford, located in Griggs County, ND, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the market value of the property. Various factors influence this assessed value, including the property's location, size, and condition. Once the assessed value is established, the local tax rate, also known as the mill rate, is applied to calculate the tax bill. For homeowners in Hannaford, the median home price is $55,352. Property tax bills can vary significantly, with the 25th percentile at $217 and the 75th percentile at $1,051. At the 90th percentile, tax bills reach up to $1,784. These figures illustrate the range of property tax obligations, which can impact homeowners differently depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Hannaford's tax rates offer a unique perspective on local taxation and its effects on residents.
Average Hannaford Tax Bill
$487
Average Griggs County Tax Bill
$614
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Hannaford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58448 | $145 | $217 | $487 | $1,051 | $1,784 |
Source: Ownwell