Wimbledon, North Dakota Property Taxes
The median property tax rate in Wimbledon, ND is 0.21%, 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 Wimbledon, the typical annual property tax bill reaches $156, well below the national median of $2,690. Property taxes in Wimbledon 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 Wimbledon'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 Wimbledon 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
Wimbledon, North Dakota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,600
Ownwell’s Wimbledon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wimbledon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wimbledon 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 Wimbledon, North Dakota
Property taxes in Wimbledon, 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 Wimbledon is 1.11%, slightly higher than the North Dakota state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Wimbledon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wimbledon 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 highest median property tax rate in North Dakota is found in a neighboring area with a rate of 1.50%, while the lowest median tax rate is 0.50%. Understanding how these cities compare with Wimbledon provides valuable insights into the varying tax landscape across Griggs County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wimbledon Tax Rate
0.21%
Average Griggs County Tax Rate
0.91%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wimbledon, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58492 | 0.21% | 0.21% | 0.21% | 0.21% | 0.21% |
Source: Ownwell
Property Tax Assessment Values Across Wimbledon, North Dakota
In Wimbledon, 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 Griggs 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 Wimbledon 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 Wimbledon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Wimbledon are both $156, found in zip code 58492.
Average Wimbledon Assessed Value
$72,980
Average Griggs County Assessed Value
$68,520
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wimbledon, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58492 | $72,980 | $72,980 | $72,980 | $72,980 | $72,980 |
Source: Ownwell
Property Tax Bills Across Wimbledon, North Dakota
In Wimbledon, located in Griggs County, ND, property tax bills are calculated based on the assessed value of a home. The median home price in Wimbledon is $72,980. The property tax rate in this region is applied to the assessed value to determine the annual tax bill. For example, homeowners in Wimbledon typically face a tax bill of around $156, which falls at the 25th, 75th, and 90th percentiles, indicating a consistent tax rate across various property values. Several factors influence how much homeowners pay in property taxes. The assessed value of the property is a primary factor, reflecting market conditions and any improvements made to the property. Additionally, local government budgets and public service funding needs can affect the tax rate. Compared to the national median property tax rate of 0.99%, Wimbledon's tax rate results in relatively lower tax bills for its residents. This can significantly impact homeowners by offering them a more affordable cost of living, especially when compared to other regions.
Average Wimbledon Tax Bill
$156
Average Griggs County Tax Bill
$614
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Wimbledon, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58492 | $156 | $156 | $156 | $156 | $156 |
Source: Ownwell