Mcclusky, North Dakota Property Taxes
The median property tax rate in McClusky, ND is 1.46%, notably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in McClusky at $23,731, the typical annual property tax bill is $226, which is still below the national median of $2,690. Property taxes in McClusky are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding McClusky'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 McClusky 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
Mcclusky, 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 McClusky Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McClusky with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McClusky 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 Mcclusky, North Dakota
Property taxes in McClusky, 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 McClusky is 1.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within McClusky set these rates annually, and they can vary significantly across different neighborhoods. Each year, McClusky 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 McClusky's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58463 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with McClusky provides valuable insights into the varying tax landscape across Sheridan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mcclusky Tax Rate
1.46%
Average Sheridan County Tax Rate
1.11%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcclusky, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58463 | 0.60% | 0.89% | 1.46% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Mcclusky, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in McClusky, North Dakota. 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 Sheridan 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 McClusky, 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 McClusky helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $226 in the 58463 zip code, which is also the lowest median tax bill, providing a consistent view of property tax expectations.
Average Mcclusky Assessed Value
$23,731
Average Sheridan County Assessed Value
$47,200
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcclusky, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58463 | $6,404 | $11,638 | $23,731 | $39,277 | $67,687 |
Source: Ownwell
Property Tax Bills Across Mcclusky, North Dakota
In McClusky, located in Sheridan County, ND, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $23,731, property taxes are determined by applying the local tax rate to this assessed value. Various factors, including the property's location, size, and condition, play a role in determining the assessed value. Homeowners in McClusky experience a range of property tax bills, with the 25th percentile at $134 and the 75th percentile at $390. For those at the higher end, the 90th percentile tax bill can reach up to $711. These tax bills fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, McClusky's tax rates provide a relatively affordable option for homeowners, making it an attractive location for those seeking lower property tax burdens.
Average Mcclusky Tax Bill
$226
Average Sheridan County Tax Bill
$348
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcclusky, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58463 | $94 | $134 | $226 | $390 | $711 |
Source: Ownwell