Hurdsfield, North Dakota Property Taxes
The median property tax rate in Hurdsfield, ND, is 0.43%, significantly lower than both the national median of 0.99% and North Dakota's state median of 1.30%. With a median home value of $33,000 in Hurdsfield, the typical annual property tax bill is $127, well below the national median of $2,690. Property taxes in Hurdsfield are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hurdsfield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hurdsfield or another part of Wells County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hurdsfield, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$142
Ownwell’s HURDSFIELD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HURDSFIELD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HURDSFIELD 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 Hurdsfield, North Dakota
Property taxes in Hurdsfield, 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 Hurdsfield is 0.43%, significantly lower than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Hurdsfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hurdsfield 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 Hurdsfield's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58451 zip code has both the highest and lowest median property tax rate of 0.43%. Understanding how these cities compare with Hurdsfield 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 Hurdsfield Tax Rate
0.43%
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 Hurdsfield, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58451 | 0.30% | 0.39% | 0.43% | 0.50% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Hurdsfield, North Dakota
In HURDSFIELD, 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 Wells 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 HURDSFIELD, 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 HURDSFIELD helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $33,000, with tax bills ranging from $46 at the 25th percentile to $718 at the 90th percentile. The highest and lowest median tax bills are both $127 in the 58451 zip code.
Property Tax Assessment Values Across Hurdsfield, North Dakota
Source: Ownwell
$33,000
$222,440
$411,880
Average Hurdsfield Assessed Value
$33,000
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 Hurdsfield, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58451 | $3,600 | $17,700 | $33,000 | $97,650 | $185,980 |
Source: Ownwell
Property Tax Bills Across Hurdsfield, North Dakota
In Hurdsfield, property tax bills are calculated based on the assessed value of a home, which is determined by the Wells County tax assessor. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the tax bill. Factors such as the property's location, size, and condition are considered when assessing its value. For homeowners in Hurdsfield, the median home price is $33,000, and property tax bills can vary significantly. At the 25th percentile, the tax bill is around $46, while at the 75th percentile, it reaches up to $471. For those in the 90th percentile, the tax bill can be as high as $718. Comparatively, the highest and lowest median tax bills in the area both stand at $127, which is relatively modest compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Hurdsfield Tax Bill
$127
Average Wells County Tax Bill
$862
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Hurdsfield, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58451 | $13 | $46 | $127 | $471 | $718 |
Source: Ownwell