Upham, North Dakota Property Taxes
The median property tax rate in Upham, ND is 0.87%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Upham at $148,300, the typical annual property tax bill reaches $1,289, significantly below the national median of $2,690. Property taxes in Upham are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Upham'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 Upham or another part of McHenry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Upham, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,290
Ownwell’s Upham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Upham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Upham 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 Upham, North Dakota
Property taxes in Upham, 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 Upham is 1.01%, which is higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Upham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Upham 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 Upham's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58789 zip code has the highest median property tax rate of 1.01%, while the same 58789 zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Upham provides valuable insights into the varying tax landscape across McHenry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Upham Tax Rate
0.87%
Average Mchenry County Tax Rate
1.11%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Upham, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58789 | 0.80% | 0.82% | 0.87% | 1.03% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Upham, North Dakota
In Upham, 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 McHenry County Assessor 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 Upham, 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. The median home price in Upham is $148,300, with tax bills ranging from $718 at the 25th percentile to $1,479 at the 90th percentile. 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 Upham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Upham Assessed Value
$148,300
Average Mchenry County Assessed Value
$74,300
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Upham, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58789 | $39,500 | $80,300 | $148,300 | $172,200 | $186,540 |
Source: Ownwell
Property Tax Bills Across Upham, North Dakota
Property tax bills in Upham, located in McHenry County, ND, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and is a percentage of the property's market value, which in Upham is significantly lower than the national median. For instance, the median home price in Upham is $148,300, considerably below the national average. The tax rate in the area, when applied to the assessed value, results in a tax bill that can vary widely. Homeowners in the 25th percentile pay around $718, while those in the 75th percentile see tax bills closer to $1408. At the 90th percentile, the tax bill can reach up to $1479. These figures highlight the variability in property taxes based on property value and assessment accuracy. Understanding these factors is crucial for homeowners, as property taxes can significantly impact annual budgets. Lower property values in Upham generally result in lower tax bills compared to the national median property tax rate of 0.99%.
Average Upham Tax Bill
$1,289
Average Mchenry County Tax Bill
$855
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Upham, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58789 | $375 | $718 | $1,289 | $1,408 | $1,479 |
Source: Ownwell