Montpelier, North Dakota Property Taxes
The median property tax rate in Montpelier, North Dakota is 0.78%, considerably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Montpelier, the typical annual property tax bill reaches $336, significantly below the national median of $2,690. Property taxes in Montpelier are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Montpelier'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 Montpelier 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
Montpelier, 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 Montpelier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Montpelier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montpelier 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 Montpelier, North Dakota
Property taxes in Montpelier, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montpelier is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Montpelier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montpelier 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 Montpelier's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58472 zip code has the highest median property tax rate of 0.78%, while the 58472 zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Montpelier provides valuable insights into the varying tax landscape across Stutsman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Montpelier Tax Rate
0.78%
Average Stutsman County Tax Rate
1.45%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montpelier, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58472 | 0.69% | 0.71% | 0.78% | 0.81% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Montpelier, North Dakota
In Montpelier, 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 Stutsman 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 Montpelier, 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 Montpelier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 58472 has both the highest and lowest median tax bill at $336.
Property Tax Assessment Values Across Montpelier, North Dakota
Source: Ownwell
$21,450
$147,132
$272,813
Average Montpelier Assessed Value
$31,800
Average Stutsman County Assessed Value
$99,515
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montpelier, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58472 | $7,720 | $16,050 | $31,800 | $136,835 | $244,772 |
Source: Ownwell
Property Tax Bills Across Montpelier, North Dakota
In Montpelier, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value, reflecting what the property might sell for under normal conditions. Once the assessed value is established, the local tax rate, or mill rate, is applied. For homeowners in Montpelier, the median home price is $31,800. Property tax bills can vary significantly, with the 25th percentile tax bill at $264 and the 75th percentile at $1,346. The 90th percentile tax bill reaches $1,707, indicating a wide range of property taxes within the area. These tax bills directly impact homeowners by influencing their annual housing costs. Compared to the national median property tax rate of 0.99%, Montpelier's property tax rates can be relatively moderate, offering some relief to homeowners. Nonetheless, understanding these factors helps residents anticipate their financial obligations and plan accordingly.
Average Montpelier Tax Bill
$336
Average Stutsman County Tax Bill
$1,456
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Montpelier, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58472 | $160 | $264 | $336 | $1,346 | $1,707 |
Source: Ownwell