Mooreton, North Dakota Property Taxes
The median property tax rate in Mooreton, ND is 0.96%, slightly below the national median of 0.99% and significantly lower than the North Dakota state median of 1.30%. With the median home value in Mooreton at $207,800, the typical annual property tax bill amounts to $1,992, which is also below the national median of $2,690. Property taxes in Mooreton are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Mooreton's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Mooreton or another part of Richland County, a thorough grasp of the local property tax landscape will be advantageous.
Last Updated June 14, 2024
Mooreton, North Dakota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,600
Ownwell’s Mooreton Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Mooreton. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Mooreton to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier to plan your finances. For those interested in more detailed insights, you can explore trends at a neighborhood level by scrolling down. Your property’s assessed value, determined by Richland County, is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Mooreton, North Dakota
Property taxes in Mooreton, 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 Mooreton is 1.11%, higher than both the North Dakota state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Mooreton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mooreton 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 Mooreton's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58061 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Mooreton provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mooreton Tax Rate
0.96%
Average Richland County Tax Rate
1.58%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mooreton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58061 | 0.96% | 0.96% | 0.96% | 1.11% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Mooreton, North Dakota
In Mooreton, 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 local 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 Mooreton, 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 Mooreton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Mooreton are both $1992, found in the 58061 zip code.
Average Mooreton Assessed Value
$207,800
Average Richland County Assessed Value
$121,100
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mooreton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58061 | $114,840 | $149,700 | $207,800 | $232,600 | $247,480 |
Source: Ownwell
Property Tax Bills Across Mooreton, North Dakota
In Mooreton, ND, property tax bills are calculated based on the assessed value of a property, which is determined by the local county assessor. This assessed value is a percentage of the property's market value. The tax bill is then derived by applying the local tax rate to this assessed value. Factors such as the property's location, size, and improvements can influence the assessed value. In Richland County, where Mooreton is located, the median property tax rate is 0.99%, aligning with the national median. For homeowners, this means that on a median home price of $207,800, the property tax bill can range significantly. The 25th percentile tax bill is around $1,575, while the 75th percentile tax bill reaches $2,235. At the 90th percentile, homeowners could see tax bills as high as $2,380. These tax bills can impact household budgets, especially when compared to other regions with different tax structures. Understanding how these factors interact helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Mooreton Tax Bill
$1,992
Average Richland County Tax Bill
$1,800
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Mooreton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58061 | $1,326 | $1,575 | $1,992 | $2,235 | $2,380 |
Source: Ownwell