Saint Michael, North Dakota Property Taxes
The median property tax rate in Saint Michael, ND is 1.22%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With a median home value of $19,200 in Saint Michael, the typical annual property tax bill amounts to $233, which is significantly below the national median of $2,690. Property taxes in Saint Michael are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Familiarizing yourself with Saint Michael'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 Saint Michael 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
Saint Michael, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$234
$217
Ownwell’s Saint Michael Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Saint Michael with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Michael to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in more localized information, scroll down to see trends on a neighborhood level. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring a precise calculation for property tax purposes.
Property Tax Rates Across Saint Michael, North Dakota
Property taxes in Saint Michael, North Dakota, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Michael is 1.22%, notably higher than the U.S. national median of 0.99%. Local government entities within Saint Michael set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Michael 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. For comparison, the zip code 58370 has both the highest and lowest median property tax rate of 1.22%. Understanding how these areas compare with Saint Michael provides valuable insights into the varying tax landscape across Benson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Michael Tax Rate
1.22%
Average Benson County Tax Rate
0.73%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Michael, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58370 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Saint Michael, North Dakota
In Saint Michael, 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 Benson 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. Assessment notices in Saint Michael 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. The median home price in Saint Michael is $19,200. Interestingly, both the highest and lowest median tax bills in the area are $233, found in the 58370 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saint Michael, North Dakota
Source: Ownwell
$19,200
$25,460
$31,720
Average Saint Michael Assessed Value
$19,200
Average Benson County Assessed Value
$18,850
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Michael, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58370 | $19,200 | $19,200 | $19,200 | $19,200 | $19,200 |
Source: Ownwell
Property Tax Bills Across Saint Michael, North Dakota
In Saint Michael, located in Benson County, ND, property tax bills are calculated based on the assessed value of a home. The local tax assessor determines this value by evaluating the market conditions, property features, and recent sales of similar properties. Once the assessed value is established, the property tax rate is applied to calculate the annual tax bill. For homeowners in Saint Michael, the median home price stands at $19,200, with a uniform tax bill of $233 across various percentiles. This consistency indicates a stable property tax environment within the city. Compared to the national median property tax rate of 0.99%, Saint Michael's tax rate is relatively modest, which can be beneficial for homeowners looking for affordability. Factors such as property improvements, neighborhood developments, and changes in local government budgets can influence future tax assessments. Understanding how these elements interplay helps homeowners anticipate their financial obligations and plan accordingly.
Average Saint Michael Tax Bill
$233
Average Benson County Tax Bill
$272
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Michael, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58370 | $233 | $233 | $233 | $233 | $233 |
Source: Ownwell