Minnewaukan, North Dakota Property Taxes
The median property tax rate in Minnewaukan, ND is 0.85%, notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Minnewaukan at $156,500, the typical annual property tax bill is $1,325, which is significantly below the national median of $2,690. Property taxes in Minnewaukan are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Minnewaukan'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 Minnewaukan 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
Minnewaukan, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,330
Ownwell’s MINNEWAUKAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MINNEWAUKAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MINNEWAUKAN 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 Minnewaukan, North Dakota
Property taxes in Minnewaukan, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Minnewaukan is 0.85%, lower than the U.S. national median of 0.99%. Local government entities within Minnewaukan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Minnewaukan 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 Minnewaukan's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58351 zip code has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with Minnewaukan provides valuable insights into the varying tax landscape across Ramsey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Minnewaukan Tax Rate
0.85%
Average Ramsey County Tax Rate
1.26%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Minnewaukan, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58351 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Minnewaukan, North Dakota
In Minnewaukan, 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 Ramsey 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 Minnewaukan, 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 Minnewaukan 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, both $1,325, are found in the 58351 zip code.
Property Tax Assessment Values Across Minnewaukan, North Dakota
Source: Ownwell
$10,300
$87,800
$165,300
Average Minnewaukan Assessed Value
$156,500
Average Ramsey County Assessed Value
$147,600
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Minnewaukan, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58351 | $156,500 | $156,500 | $156,500 | $156,500 | $156,500 |
Source: Ownwell
Property Tax Bills Across Minnewaukan, North Dakota
In MINNEWAUKAN, located in Ramsey County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. For instance, with a median home price of $156,500, homeowners can expect a median tax bill of $1,325. Several factors influence the assessed value, including the property's market value, location, and any improvements or modifications made to the home. This tax amount is consistent across different percentiles, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $1,325. Compared to the national median property tax rate of 0.99%, the property tax rate in MINNEWAUKAN is relatively moderate. Understanding these factors helps homeowners budget effectively and anticipate their annual property tax obligations, ensuring they are prepared for this essential expense.
Average Minnewaukan Tax Bill
$1,325
Average Ramsey County Tax Bill
$1,862
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Minnewaukan, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58351 | $1,325 | $1,325 | $1,325 | $1,325 | $1,325 |
Source: Ownwell