Gladstone, North Dakota Property Taxes
The median property tax rate in Gladstone, ND is 0.52%, significantly lower than both the national median of 0.99% and North Dakota's state median of 1.30%. With the median home value in Gladstone at $321,600, the typical annual property tax bill is $1,640, well below the national median of $2,690. Property taxes in Gladstone are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Gladstone'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 Gladstone or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gladstone, 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 Gladstone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gladstone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gladstone 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 Gladstone, North Dakota
Property taxes in Gladstone, 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 Gladstone is 0.52%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Gladstone set these rates annually, and they can vary across different neighborhoods. Each year, Gladstone 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 Gladstone's effective property tax rate to other regions in Stark County and the national median. For comparison, the 58630 zip code has both the highest and lowest median property tax rate of 0.52%. Understanding how these areas compare with Gladstone provides valuable insights into the varying tax landscape across Stark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gladstone Tax Rate
0.52%
Average Stark County Tax Rate
0.55%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gladstone, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58630 | 0.47% | 0.47% | 0.52% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Gladstone, North Dakota
In Gladstone, 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 Stark 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 Gladstone, 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 Gladstone 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 $1,640, found in the 58630 zip code.
Average Gladstone Assessed Value
$321,600
Average Stark County Assessed Value
$386,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gladstone, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58630 | $125,480 | $189,600 | $321,600 | $534,500 | $821,240 |
Source: Ownwell
Property Tax Bills Across Gladstone, North Dakota
In Gladstone, located in Stark County, ND, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Gladstone is $321,600. Property taxes are determined by multiplying the assessed value by the local tax rate. For instance, the median property tax rate in the U.S. is 0.99%, but local rates can vary. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For homeowners in Gladstone, the tax bill can range significantly. At the 25th percentile, homeowners might pay around $960, while those in the 75th percentile could see bills as high as $2,758. At the 90th percentile, the tax bill can reach up to $3,877. These variations impact homeowners differently, with higher-valued properties generally facing steeper tax bills. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Gladstone Tax Bill
$1,640
Average Stark County Tax Bill
$2,116
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Gladstone, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58630 | $626 | $960 | $1,640 | $2,758 | $3,877 |
Source: Ownwell