Mcville, North Dakota Property Taxes
The median property tax rate in MCVILLE, ND is 1.57%, 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 MCVILLE, the typical annual property tax bill reaches $478, which is significantly lower than the national median of $2,690. Property taxes in MCVILLE 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 MCVILLE'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 MCVILLE 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
Mcville, 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 MCVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MCVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MCVILLE 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 Mcville, North Dakota
Property taxes in McVille, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McVille is 1.57%, significantly higher than the U.S. national median of 0.99%. Local government entities within McVille set these rates annually, and they can vary significantly across different neighborhoods. Each year, McVille 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 McVille's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58254 has the highest median property tax rate of 1.57%, which is also the lowest median tax rate in the region, highlighting a uniform tax landscape within Nelson County. Understanding how these cities compare with McVille provides valuable insights into the varying tax landscape across Nelson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mcville Tax Rate
1.57%
Average Nelson County Tax Rate
1.45%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcville, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58254 | 1.57% | 1.57% | 1.57% | 1.57% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Mcville, North Dakota
In MCVILLE, 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 Nelson 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 MCVILLE, 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 MCVILLE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 58254 has both the highest and lowest median tax bill at $478.
Average Mcville Assessed Value
$30,360
Average Nelson County Assessed Value
$33,165
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcville, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58254 | $25,657 | $25,988 | $30,360 | $71,110 | $284,558 |
Source: Ownwell
Property Tax Bills Across Mcville, North Dakota
In MCVILLE, Nelson County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Homeowners in MCVILLE face a median property tax rate that aligns closely with the national average of 0.99%. For instance, with a median home price of $30,360, property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $409, while those at the 75th percentile could see bills as high as $1,119. The 90th percentile tax bill even reaches $4,493, indicating substantial variability based on property value and location within the city. These tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated helps homeowners budget effectively and anticipate their financial obligations.
Average Mcville Tax Bill
$478
Average Nelson County Tax Bill
$558
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcville, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58254 | $404 | $409 | $478 | $1,119 | $4,493 |
Source: Ownwell