Max, North Dakota Property Taxes
The median property tax rate in MAX, ND is 1.18%, which is higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With the median home value in MAX at $78,900, the typical annual property tax bill is $925, significantly below the national median of $2,690. Property taxes in MAX are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding MAX'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 MAX 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
Max, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$931
Ownwell’s MAX Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MAX with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MAX 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 Max, North Dakota
Property taxes in MAX, 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 MAX is 1.18%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within MAX set these rates annually, and they can vary significantly across different neighborhoods. Each year, MAX 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 MAX's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58759 has both the highest and lowest median property tax rate of 1.18%. Understanding how these cities compare with MAX provides valuable insights into the varying tax landscape across McLean County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Max Tax Rate
1.18%
Average Mclean County Tax Rate
1.12%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Max, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58759 | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Max, North Dakota
In MAX, 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 McLean 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 MAX, 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 MAX helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 58759, with a median tax bill of $925.
Average Max Assessed Value
$78,900
Average Mclean County Assessed Value
$136,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Max, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58759 | $19,250 | $37,900 | $78,900 | $109,475 | $145,800 |
Source: Ownwell
Property Tax Bills Across Max, North Dakota
Property tax bills in MAX, located in McLean County, ND, are determined by the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the home, which in MAX, has a median home price of $78,900. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, the 25th percentile tax bill is $440, while the 75th percentile tax bill reaches $1,296, indicating a range based on property values and specific assessments. Several factors influence the final tax bill, including property improvements, neighborhood changes, and local government budgets. Homeowners in MAX can expect their property tax bills to vary, with the 90th percentile tax bill going up to $1,730. These taxes are essential for funding local services such as schools, infrastructure, and public safety. Comparing this to the national median property tax rate of 0.99%, MAX offers a relatively affordable property tax environment, impacting homeowners' overall financial planning and community investment.
Average Max Tax Bill
$925
Average Mclean County Tax Bill
$1,469
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Max, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58759 | $215 | $440 | $925 | $1,296 | $1,730 |
Source: Ownwell