Hensel, North Dakota Property Taxes
The median property tax rate in Hensel, ND is 1.09%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With a median home value of $29,772, the typical annual property tax bill in Hensel amounts to $322, which is significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Hensel'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 Hensel 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
Hensel, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$325
Ownwell’s Hensel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hensel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hensel 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 Hensel, North Dakota
Property taxes in Hensel, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hensel is 1.09%, which is significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Hensel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hensel 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 Hensel's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58241 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Hensel provides valuable insights into the varying tax landscape across Pembina County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hensel Tax Rate
1.09%
Average Pembina County Tax Rate
1.35%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hensel, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58241 | 0.96% | 1.01% | 1.09% | 1.18% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Hensel, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hensel, North Dakota. 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 Pembina 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 Hensel, 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. The median home price in Hensel is $29,772, and the tax bills range from $306 at the 25th percentile to $348 at the 90th percentile. Interestingly, the highest and lowest median tax bills both amount to $322 in the zip code 58241. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hensel Assessed Value
$29,772
Average Pembina County Assessed Value
$40,468
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hensel, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58241 | $28,484 | $28,967 | $29,772 | $30,577 | $31,060 |
Source: Ownwell
Property Tax Bills Across Hensel, North Dakota
In Hensel, located in Pembina County, ND, property tax bills are calculated based on the assessed value of your home. The assessed value is a percentage of the market value determined by the local assessor's office. For example, with a median home price of $29,772, homeowners can expect their tax bill to be influenced by this valuation. The tax rate in this area is applied to the assessed value to determine the final tax bill. Factors such as property size, location, and any improvements made to the property are considered when assessing its value. In Hensel, the 25th percentile tax bill is $306, while the 75th percentile tax bill is $339. The highest median tax bill in the area is $322, and it is consistent across the zip code 58241. Compared to the national median property tax rate of 0.99%, Hensel's property taxes can be seen as relatively manageable, impacting homeowners by providing essential local services without an overwhelming financial burden.
Average Hensel Tax Bill
$322
Average Pembina County Tax Bill
$568
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Hensel, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58241 | $296 | $306 | $322 | $339 | $348 |
Source: Ownwell