Stanton, North Dakota Property Taxes
The median property tax rate in Stanton, ND is 0.52%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Stanton, the typical annual property tax bill reaches $1,066, which is well below the national median of $2,690. Property taxes in Stanton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Stanton'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 Stanton or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanton, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$1,062
Ownwell’s Stanton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanton 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 Stanton, North Dakota
Property taxes in Stanton, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanton is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Stanton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanton 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. Understanding how Stanton's effective property tax rate compares to other areas provides valuable insights into the varying tax landscape across Mercer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanton Tax Rate
0.52%
Average Mercer County Tax Rate
0.56%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58571 | 0.28% | 0.47% | 0.52% | 0.55% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Stanton, North Dakota
In Stanton, 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 Mercer 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 Stanton, 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 Stanton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 58571 has the highest and lowest median tax bill, both at $1066.
Average Stanton Assessed Value
$204,206
Average Mercer County Assessed Value
$185,507
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58571 | $76,259 | $131,030 | $204,206 | $227,198 | $314,386 |
Source: Ownwell
Property Tax Bills Across Stanton, North Dakota
Property tax bills in Stanton, located in Mercer County, ND, are calculated based on the assessed value of a property, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any improvements can influence the assessed value. In Stanton, the tax bills vary significantly: the 25th percentile tax bill is $396, while the 75th percentile tax bill is $1,150, and the 90th percentile tax bill reaches $1,550. Comparatively, the national median property tax rate is 0.99%, making Stanton's property taxes relatively moderate. Homeowners in Stanton benefit from these calculations as they provide a predictable method for determining annual property taxes, allowing for better financial planning. However, understanding the assessed value and ensuring it reflects the true market value of the property is crucial for homeowners to avoid overpaying on their property tax bills.
Average Stanton Tax Bill
$1,066
Average Mercer County Tax Bill
$938
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58571 | $281 | $396 | $1,066 | $1,150 | $1,550 |
Source: Ownwell