Pick City, North Dakota Property Taxes
The median property tax rate in {city_name}, ND is 0.35%, 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 {city_name}, the typical annual property tax bill reaches $2,942, slightly above the national median of $2,690. Property taxes in {city_name} 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 {city_name}'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 {city_name} 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
Pick City, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$2,926
Ownwell’s Pick City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pick City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pick City 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 Pick City, North Dakota
Property taxes in Pick City, 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 Pick City is 0.35%, significantly lower than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Pick City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pick City 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. Understanding how these cities compare with Pick City provides valuable insights into the varying tax landscape across Mercer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pick City Tax Rate
0.35%
Average Mercer County Tax Rate
0.56%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pick City, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58545 | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% |
Source: Ownwell
Property Tax Assessment Values Across Pick City, North Dakota
In Beulah, 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 Mercer 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 Beulah, 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 Beulah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2942, found in zip code 58545.
Property Tax Assessment Values Across Pick City, North Dakota
Source: Ownwell
$124,822
$480,476
$836,129
Average Pick City Assessed Value
$836,129
Average Mercer County Assessed Value
$185,507
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pick City, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58545 | $836,129 | $836,129 | $836,129 | $836,129 | $836,129 |
Source: Ownwell
Property Tax Bills Across Pick City, North Dakota
In Mercer County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the market value of the property. For instance, if the median home price in the city is $836,129, the assessed value would be a fraction of this amount, depending on local assessment ratios. The property tax rate, applied to the assessed value, is crucial in determining the final tax bill. Mercer County's tax rate can result in varying tax bills, but the figures show that homeowners often see similar amounts. For example, tax bills at the 25th, 75th, and 90th percentiles are all $2,942, which is significantly lower than the national median property tax rate of 0.99%. These uniform tax bills suggest a stable and predictable tax environment for homeowners, making it easier to budget for annual expenses. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances effectively.
Average Pick City Tax Bill
$2,942
Average Mercer County Tax Bill
$938
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Pick City, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58545 | $2,942 | $2,942 | $2,942 | $2,942 | $2,942 |
Source: Ownwell