Gwinner, North Dakota Property Taxes
The median property tax rate in Gwinner, ND is 1.49%, 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 Gwinner, the typical annual property tax bill reaches $144, significantly lower than the national median of $2,690. Property taxes in Gwinner 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 Gwinner'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 Gwinner 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
Gwinner, 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 Gwinner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gwinner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gwinner 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 Gwinner, North Dakota
Property taxes in Gwinner, North Dakota, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Gwinner is 1.49%, significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Gwinner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gwinner 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 Gwinner's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58040 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Gwinner provides valuable insights into the varying tax landscape across Sargent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gwinner Tax Rate
1.49%
Average Sargent County Tax Rate
1.49%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gwinner, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58040 | 0.97% | 1.49% | 1.49% | 1.49% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Gwinner, North Dakota
In Gwinner, 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 Sargent County appraisal authorities 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 Gwinner, 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 Gwinner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 58040, with a median tax bill of $144.
Average Gwinner Assessed Value
$9,668
Average Sargent County Assessed Value
$10,926
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gwinner, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58040 | $7,762 | $8,232 | $9,668 | $19,728 | $38,788 |
Source: Ownwell
Property Tax Bills Across Gwinner, North Dakota
In Gwinner, located in Sargent County, ND, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the local assessor's office and is a percentage of the market value of the property. Homeowners in Gwinner face varying property tax bills, with the 25th percentile paying around $121 and the 75th percentile paying approximately $285 annually. For those at the 90th percentile, tax bills can reach up to $757. These tax bills are influenced by factors such as property size, location, and any improvements made to the property. The local tax rate is applied to the assessed value to determine the final tax bill. With a median home price of $9,668, the property tax rate in Gwinner is relatively low compared to the national median property tax rate of 0.99%. This means that homeowners in Gwinner can expect to pay less in property taxes, making it an attractive location for those looking to minimize their annual tax burden.
Average Gwinner Tax Bill
$144
Average Sargent County Tax Bill
$185
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Gwinner, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58040 | $103 | $121 | $144 | $285 | $757 |
Source: Ownwell