Wishek, North Dakota Property Taxes
The median property tax rate in Wishek, ND is 0.99%, aligning with the national median of 0.99% but lower than the North Dakota state median of 1.30%. With a median home value of $55,500 in Wishek, the typical annual property tax bill amounts to $541, significantly below the national median of $2,690. Property taxes in Wishek are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Wishek's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Wishek or another part of McIntosh County, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wishek, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$549
$510
Ownwell’s Wishek Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Wishek. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Wishek to provide an accurate estimate of your property tax bill. This valuable tool helps you gauge potential tax liabilities effectively. For those interested in more granular data, you can scroll down to explore neighborhood-level trends and insights. Your property’s assessed value is determined by McIntosh County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Wishek, North Dakota
Property taxes in Wishek, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wishek is 0.99%, which aligns with both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Wishek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wishek 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 Wishek's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58495 in McIntosh County has the same median property tax rate of 0.99%. Understanding how these cities compare with Wishek provides valuable insights into the varying tax landscape across McIntosh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wishek Tax Rate
0.99%
Average Mcintosh County Tax Rate
1.37%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wishek, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58495 | 0.97% | 0.97% | 0.99% | 1.65% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Wishek, North Dakota
In Wishek, 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 McIntosh 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 Wishek, 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 Wishek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Wishek are both $541, found in zip code 58495.
Average Wishek Assessed Value
$55,500
Average Mcintosh County Assessed Value
$26,600
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wishek, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58495 | $12,840 | $26,600 | $55,500 | $62,600 | $178,200 |
Source: Ownwell
Property Tax Bills Across Wishek, North Dakota
In Wishek, McIntosh County, ND, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the property's market value, reflecting its estimated worth. Homeowners in Wishek can expect property tax bills to vary significantly, with the 25th percentile tax bill at $476 and the 75th percentile reaching $1,033. The highest median tax bill recorded is $541, consistent across the local zip code 58495. Factors influencing the tax bill include property size, location, and improvements made to the property. These elements contribute to the assessed value, which is then multiplied by the local tax rate to determine the final tax bill. Compared to the national median property tax rate of 0.99%, Wishek's property taxes can be relatively modest, but they still represent a significant annual expense for homeowners. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Wishek Tax Bill
$541
Average Mcintosh County Tax Bill
$539
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Wishek, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58495 | $212 | $476 | $541 | $1,033 | $1,909 |
Source: Ownwell