Cartwright, North Dakota Property Taxes
The median property tax rate in Cartwright, ND is 0.51%, considerably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Cartwright, the typical annual property tax bill reaches $360, significantly below the national median of $2,690. Property taxes in Cartwright 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 Cartwright'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 Cartwright 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
Cartwright, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$512
Ownwell’s Cartwright Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cartwright with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cartwright 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 Cartwright, North Dakota
Property taxes in Cartwright, North Dakota, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Cartwright is 0.51%, which is significantly lower than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Cartwright set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cartwright 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 Cartwright's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58838 zip code has both the highest and lowest median property tax rate of 0.51%. Understanding how these cities compare with Cartwright provides valuable insights into the varying tax landscape across McKenzie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cartwright Tax Rate
0.51%
Average Mckenzie County Tax Rate
0.83%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cartwright, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58838 | 0.23% | 0.48% | 0.51% | 0.51% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Cartwright, North Dakota
In Cartwright, 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 McKenzie County Assessment Office 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 Cartwright, 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 Cartwright is $100,330, with the 25th percentile tax bill at $228 and the 75th percentile tax bill at $869. The highest median tax bill is $360 in the 58838 zip code, which is also the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Cartwright, North Dakota
Source: Ownwell
$82,060
$144,653
$207,245
Average Cartwright Assessed Value
$100,330
Average Mckenzie County Assessed Value
$163,270
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cartwright, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58838 | $36,480 | $59,082 | $100,330 | $190,085 | $260,262 |
Source: Ownwell
Property Tax Bills Across Cartwright, North Dakota
In Cartwright, located in McKenzie County, ND, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the market value of the property. For example, a median home price in Cartwright is $100,330. The property tax rate in this area influences the final tax bill homeowners receive. Homeowners in Cartwright can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is around $228, while those at the 75th percentile see bills closer to $869. For the top 10% of homeowners, tax bills can reach up to $1,247. This variability is due to differences in property values and specific assessments. Understanding these factors is crucial for homeowners as they directly impact annual expenses. Compared to the national median property tax rate of 0.99%, Cartwright's property taxes can be relatively manageable, though they still represent a significant financial consideration for residents.
Average Cartwright Tax Bill
$360
Average Mckenzie County Tax Bill
$1,120
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Cartwright, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58838 | $144 | $228 | $360 | $869 | $1,247 |
Source: Ownwell