Golva, North Dakota Property Taxes
The median property tax rate in Golva, North Dakota is 0.89%, which is notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Golva at $35,200, the typical annual property tax bill is $314, significantly below the national median of $2,690. Property taxes in Golva are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Golva'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 Golva or another part of Golden Valley County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Golva, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$313
Ownwell’s Golva Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Golva with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Golva 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 Golva, North Dakota
Property taxes in Golva, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Golva is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Golva set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golva 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 Golva's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58632 zip code has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Golva provides valuable insights into the varying tax landscape across Golden Valley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Golva Tax Rate
0.89%
Average Golden Valley County Tax Rate
0.88%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golva, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58632 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Golva, North Dakota
In Golva, 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 Golden Valley 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 Golva, 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 Golva helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 58632, both valued at $314.
Average Golva Assessed Value
$35,200
Average Golden Valley County Assessed Value
$96,800
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Golva, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58632 | $35,200 | $35,200 | $35,200 | $35,200 | $35,200 |
Source: Ownwell
Property Tax Bills Across Golva, North Dakota
Property tax bills in Golva, located in Golden Valley County, ND, are determined by assessing the property's value and applying the local tax rate. The median home price in Golva is $35,200. Homeowners in this region experience a consistent property tax bill, with the 25th, 75th, and 90th percentiles all at $314. This tax bill reflects the local government's assessment practices and the relatively low property values in the area. Factors influencing the tax bill include the assessed value of the property and the county's tax rate. The assessed value is determined by local assessors who evaluate the property's market value. Compared to the national median property tax rate of 0.99%, Golva's property tax rate is relatively low, which can be beneficial for homeowners. This lower tax burden can make homeownership more affordable, contributing to the financial stability of residents. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Golva Tax Bill
$314
Average Golden Valley County Tax Bill
$829
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Golva, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58632 | $314 | $314 | $314 | $314 | $314 |
Source: Ownwell