Mott, North Dakota Property Taxes
The median property tax rate in Mott, ND is 0.56%, significantly lower than both the national median of 0.99% and North Dakota's state median of 1.30%. With a median home value of $175,200 in Mott, the typical annual property tax bill amounts to $973, well below the national median of $2,690. Property taxes in Mott are calculated based on the assessed value, which often falls under the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Mott'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 Mott or another part of the city, grasping the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Mott, 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 Mott Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mott with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mott 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 Mott, North Dakota
Property taxes in Mott, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mott is 1.02%, higher than both the North Dakota state median of 0.95% and the U.S. national median of 0.99%. Local government entities within Mott set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mott 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 Mott's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58646 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Mott provides valuable insights into the varying tax landscape across Hettinger County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mott Tax Rate
0.56%
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 Mott, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58646 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Mott, North Dakota
In Mott, 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 Mott, 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 Mott helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 58646 has both the highest and lowest median tax bills, each amounting to $973.
Average Mott Assessed Value
$175,200
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 Mott, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58646 | $175,200 | $175,200 | $175,200 | $175,200 | $175,200 |
Source: Ownwell
Property Tax Bills Across Mott, North Dakota
In Mott, located in Stark County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Mott can expect a median home price of $175,200, with property tax bills typically amounting to $973 across various percentiles, including the 25th, 75th, and 90th percentiles. This uniform tax bill highlights a consistent approach in property tax assessment within the area. The property tax rate in Mott is influenced by several factors, including local government budgets, school district funding needs, and public services. These taxes are crucial for maintaining and improving community infrastructure and services. While the median property tax rate nationally stands at 0.99%, homeowners in Mott experience a relatively straightforward and predictable tax bill, which can aid in financial planning and stability. This consistency ensures that homeowners are well-prepared to meet their annual property tax obligations.
Average Mott Tax Bill
$973
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 Mott, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58646 | $973 | $973 | $973 | $973 | $973 |
Source: Ownwell