Mott, North Dakota Property Taxes
The median property tax rate in Mott, ND is 1.49%, considerably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Mott, the typical annual property tax bill reaches $850, which is below the national median of $2,690. Property taxes in Mott are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Mott'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 Mott 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
Mott, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$902
Ownwell’s Mott Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mott with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mott 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 Mott, North Dakota
Property taxes in Mott, North Dakota, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Mott is 1.49%, significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Mott set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mott 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 Mott's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58646 has both the highest and lowest median property tax rate at 1.49%. Understanding how these areas compare with Mott provides valuable insights into the varying tax landscape across Hettinger County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mott Tax Rate
1.49%
Average Hettinger County Tax Rate
1.52%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mott, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58646 | 0.99% | 1.48% | 1.49% | 1.51% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Mott, North Dakota
In Mott, 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 Hettinger 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 Mott, 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 Mott helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Mott is $850 in the 58646 zip code, while the lowest median tax bill is also $850 in the same zip code.
Average Mott Assessed Value
$60,550
Average Hettinger County Assessed Value
$69,100
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mott, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58646 | $20,800 | $32,475 | $60,550 | $91,400 | $133,100 |
Source: Ownwell
Property Tax Bills Across Mott, North Dakota
In Mott, ND, property tax bills are calculated based on the assessed value of a property, which is determined by the Hettinger County Assessor's Office. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. This rate can vary but is typically influenced by the funding needs of local services such as schools, infrastructure, and emergency services. Homeowners in Mott can expect varying tax bills depending on their property values. For instance, the 25th percentile tax bill is around $466, while the 75th percentile tax bill reaches $1,312. The highest tax bills, in the 90th percentile, can go up to $1,739. These figures are relatively modest compared to the national median property tax rate of 0.99%, making Mott an attractive location for homeowners seeking lower property tax obligations. Understanding these factors can help homeowners budget effectively and anticipate their annual property tax expenses.
Average Mott Tax Bill
$850
Average Hettinger County Tax Bill
$1,090
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Mott, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58646 | $298 | $466 | $850 | $1,312 | $1,739 |
Source: Ownwell