Halliday, North Dakota Property Taxes
The median property tax rate in Halliday, ND is 0.29%, 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 Halliday, the typical annual property tax bill is $118, far below the national median of $2,690. Property taxes in Halliday 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 Halliday'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 Halliday 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
Halliday, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$118
Ownwell’s Halliday Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Halliday with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Halliday 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 Halliday, North Dakota
Property taxes in Halliday, 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 Halliday is 0.63%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Halliday set these rates annually, and they can vary significantly across different neighborhoods. Each year, Halliday 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 Halliday's effective property tax rate to other counties in North Dakota and the national median. For comparison, 58575 has the highest median property tax rate of 0.63%, while 58636 has the lowest median tax rate of 0.29%. Understanding how these cities compare with Halliday provides valuable insights into the varying tax landscape across Dunn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Halliday Tax Rate
0.29%
Average Dunn County Tax Rate
0.72%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Halliday, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58636 | 0.17% | 0.29% | 0.29% | 0.29% | 0.29% |
Source: Ownwell
Property Tax Assessment Values Across Halliday, North Dakota
In Halliday, 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 Dunn 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 Halliday, 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 Halliday helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $118.00, found in the 58636 zip code.
Average Halliday Assessed Value
$40,570
Average Dunn County Assessed Value
$119,040
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Halliday, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58636 | $9,480 | $23,115 | $40,570 | $73,748 | $108,566 |
Source: Ownwell
Property Tax Bills Across Halliday, North Dakota
In Halliday, located in Dunn County, ND, property tax bills are determined by assessing the market value of a property and applying the local tax rate. The median home price in Halliday is $40,570, and the property tax rate is calculated based on this assessed value. Tax bills can vary significantly, with the 25th percentile at $66 and the 75th percentile at $213, indicating a range of tax obligations depending on the property’s assessed value and applicable exemptions. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For example, properties within the highest median tax bill zip code of 58636 have a median tax bill of $118. Homeowners in Halliday must budget for these taxes, which can impact their overall financial planning and property affordability. By understanding these factors, homeowners can better anticipate their annual tax obligations and plan accordingly.
Average Halliday Tax Bill
$118
Average Dunn County Tax Bill
$774
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Halliday, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58636 | $28 | $66 | $118 | $213 | $308 |
Source: Ownwell