Berthold, North Dakota Property Taxes
The median property tax rate in Berthold, ND is 0.71%, which is significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Berthold at $109,600, the typical annual property tax bill comes to $718, well below the national median of $2,690. Property taxes in Berthold are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Berthold'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 Berthold or another part of Mountrail County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Berthold, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$778
Ownwell’s Berthold Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Berthold with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Berthold 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 Berthold, North Dakota
Property taxes in Berthold, 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 Berthold is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Berthold set these rates annually, and they can vary significantly across different neighborhoods. Each year, Berthold 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 Berthold's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58718 has both the highest and lowest median property tax rate of 0.71%, reflecting uniformity in the tax rate within the region. Understanding how Berthold compares with other areas in Mountrail County provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Berthold Tax Rate
0.71%
Average Mountrail County Tax Rate
0.60%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Berthold, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58718 | 0.60% | 0.62% | 0.71% | 0.76% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Berthold, North Dakota
In Berthold, 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 Mountrail 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 Berthold, 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 Berthold 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 $718, found in zip code 58718.
Average Berthold Assessed Value
$109,600
Average Mountrail County Assessed Value
$139,300
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Berthold, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58718 | $33,700 | $54,250 | $109,600 | $130,475 | $198,110 |
Source: Ownwell
Property Tax Bills Across Berthold, North Dakota
In Berthold, located in Mountrail County, ND, property tax bills are calculated based on the assessed value of a homeowner's property. The assessment process evaluates the property's market value, which is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $109,600, homeowners can expect a property tax bill that varies significantly. The 25th percentile tax bill is around $403, while at the 75th percentile, it climbs to $938. The highest tax bills, at the 90th percentile, reach up to $1,222 annually. These tax rates and assessed values directly impact homeowners by influencing their annual financial obligations. Compared to the national median property tax rate of 0.99%, Berthold's property taxes can be relatively moderate, providing some relief to homeowners. However, the exact amount can vary based on the specific assessed value of each property and the applicable local tax rate, making it crucial for homeowners to understand how their property is evaluated and taxed.
Average Berthold Tax Bill
$718
Average Mountrail County Tax Bill
$783
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Berthold, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58718 | $236 | $403 | $718 | $938 | $1,222 |
Source: Ownwell