Harvey, North Dakota Property Taxes
The median property tax rate in Harvey, ND is 0.87%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Harvey, the typical annual property tax bill reaches $1,300, substantially less than the national median of $2,690. Property taxes in Harvey 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 Harvey'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 Harvey 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
Harvey, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,510
Ownwell’s Harvey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harvey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harvey 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 Harvey, North Dakota
Property taxes in Harvey, North Dakota, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Harvey is 0.87%, which is below the U.S. national median of 0.99%. Local government entities within Harvey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harvey 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 Harvey's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58341 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these areas compare with Harvey provides valuable insights into the varying tax landscape across Wells County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harvey Tax Rate
0.87%
Average Wells County Tax Rate
0.66%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harvey, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58341 | 0.15% | 0.41% | 0.87% | 1.10% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Harvey, North Dakota
In Harvey, 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 local 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 Harvey, 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 Harvey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Wells County, the zip code 58341 has the highest and lowest median tax bill, both at $1300.
Average Harvey Assessed Value
$173,620
Average Wells County Assessed Value
$119,440
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harvey, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58341 | $43,224 | $93,300 | $173,620 | $283,630 | $398,716 |
Source: Ownwell
Property Tax Bills Across Harvey, North Dakota
In Harvey, located in Wells County, ND, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Harvey experience a range of property tax bills. For instance, the 25th percentile tax bill is $682, while the 75th percentile is $2,046, and the 90th percentile reaches $2,798. These figures reflect the variability in property values and how different homes are assessed. Compared to the national median property tax rate of 0.99%, Harvey's property tax bills can significantly impact homeowners, influencing decisions on purchasing or maintaining property in the area. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Harvey Tax Bill
$1,300
Average Wells County Tax Bill
$862
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Harvey, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58341 | $156 | $682 | $1,300 | $2,046 | $2,798 |
Source: Ownwell