Hebron, North Dakota Property Taxes
The median property tax rate in Hebron, ND is 0.41%, 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 Hebron at $229,700, the typical annual property tax bill is $966, well below the national median of $2,690. Property taxes in Hebron are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hebron'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 Hebron 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
Hebron, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$942
Ownwell’s Hebron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hebron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hebron 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 Hebron, North Dakota
Property taxes in Hebron, North Dakota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hebron is 0.41%, which is lower than the U.S. national median of 0.99%. Local government entities within Hebron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hebron 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 Hebron's effective property tax rate to other areas in Stark County and the national median. For comparison, the zip code 58638 has both the highest and lowest median property tax rate of 0.41%. Understanding how these areas compare with Hebron provides valuable insights into the varying tax landscape across Stark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hebron Tax Rate
0.41%
Average Stark County Tax Rate
0.55%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hebron, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58638 | 0.40% | 0.41% | 0.41% | 0.44% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Hebron, North Dakota
In Hebron, 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 Stark 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 Hebron, 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 Hebron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Stark County are both $966.00, found in the 58638 zip code.
Average Hebron Assessed Value
$229,700
Average Stark County Assessed Value
$386,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hebron, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58638 | $50,600 | $107,150 | $229,700 | $402,500 | $447,500 |
Source: Ownwell
Property Tax Bills Across Hebron, North Dakota
In Hebron, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is usually a percentage of the home's market value. For instance, with a median home price of $229,700, the tax bill can vary significantly. Factors such as property location within Stark County, home improvements, and local levies also influence the final tax amount. Homeowners in Hebron see a wide range in their property tax bills. At the 25th percentile, the tax bill is around $452, while it climbs to $1,642 at the 75th percentile and $1,824 at the 90th percentile. The highest median tax bill recorded in the area is $966. These variations can impact homeowners' budgets, making it crucial to understand how local assessments and rates affect their annual payments. Compared to the national median property tax rate of 0.99%, Hebron's tax rates offer a unique perspective on property tax burdens.
Average Hebron Tax Bill
$966
Average Stark County Tax Bill
$2,116
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Hebron, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58638 | $209 | $452 | $966 | $1,642 | $1,824 |
Source: Ownwell