Wahpeton, North Dakota Property Taxes
The median property tax rate in Wahpeton, ND is 1.58%, 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 Wahpeton at $122,250, the typical annual property tax bill reaches $1,871, which is below the national median of $2,690. Property taxes in Wahpeton 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 Wahpeton'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 Wahpeton 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
Wahpeton, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$1,932
Ownwell’s Wahpeton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wahpeton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wahpeton 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 Wahpeton, North Dakota
Property taxes in Wahpeton, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wahpeton is 1.58%, significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Wahpeton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wahpeton 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 Wahpeton's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58075 zip code has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with Wahpeton provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wahpeton Tax Rate
1.58%
Average Richland County Tax Rate
1.58%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wahpeton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58075 | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Wahpeton, North Dakota
In Wahpeton, 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 Richland 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 Wahpeton, 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 Wahpeton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Wahpeton is $122,250, with tax bills ranging significantly. Zip code 58075 has both the highest and lowest median tax bill at $1,871.
Average Wahpeton Assessed Value
$122,250
Average Richland County Assessed Value
$121,100
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wahpeton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58075 | $40,210 | $79,475 | $122,250 | $160,025 | $246,090 |
Source: Ownwell
Property Tax Bills Across Wahpeton, North Dakota
In Wahpeton, located in Richland County, ND, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies an assessment ratio. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $122,250, homeowners in Wahpeton can expect varied tax bills. The tax bill at the 25th percentile is approximately $1,212, while at the 75th percentile, it reaches around $2,503. For those in the 90th percentile, the tax bill can be as high as $3,383. These figures highlight the range of property taxes that homeowners might face, depending on the assessed value of their property and the applicable local tax rates. Comparatively, the highest and lowest median tax bills in the area are both $1,871, indicating a relatively consistent tax environment within the zip code 58075. This consistency provides homeowners with a predictable framework for financial planning.
Average Wahpeton Tax Bill
$1,871
Average Richland County Tax Bill
$1,800
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Wahpeton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58075 | $606 | $1,212 | $1,871 | $2,503 | $3,383 |
Source: Ownwell