Wimbledon, Barnes County, North Dakota Property Taxes
The median property tax rate in Wimbledon, ND is 1.31%, slightly higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Wimbledon at $52,850, the typical annual property tax bill comes to $683, which is significantly lower than the national median of $2,690. Property taxes in Wimbledon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wimbledon'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 Wimbledon 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
Wimbledon, Barnes County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$692
$642
Ownwell’s Wimbledon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wimbledon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wimbledon 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 Wimbledon, Barnes County, North Dakota
Property taxes in Wimbledon, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wimbledon is 1.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Wimbledon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wimbledon 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 Wimbledon's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58492 has both the highest and lowest median property tax rate in the region, standing at 1.31%. Understanding how these areas compare with Wimbledon provides valuable insights into the varying tax landscape across Barnes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wimbledon Tax Rate
1.31%
Average Barnes County Tax Rate
1.12%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wimbledon, Barnes County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58492 | 1.06% | 1.19% | 1.31% | 1.31% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Wimbledon, Barnes County, North Dakota
In Wimbledon, 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 Barnes 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 Wimbledon, 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 Wimbledon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Barnes County, the median home price is $52,850. The tax bill for the 25th percentile is $347, while the 75th percentile is $1,262. The highest and lowest median tax bill in the area is $683, found in the 58492 zip code.
Property Tax Assessment Values Across Wimbledon, Barnes County, North Dakota
Source: Ownwell
$22,650
$88,625
$154,600
Average Wimbledon Assessed Value
$52,850
Average Barnes County Assessed Value
$86,700
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wimbledon, Barnes County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58492 | $4,680 | $26,300 | $52,850 | $104,525 | $156,010 |
Source: Ownwell
Property Tax Bills Across Wimbledon, Barnes County, North Dakota
In Wimbledon, located in Barnes County, ND, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Wimbledon is $52,850. Homeowners' tax bills can vary significantly, with the 25th percentile paying around $347 and the 75th percentile paying approximately $1,262. At the 90th percentile, tax bills can reach up to $1,803. These variations are influenced by factors such as property size, location, and any applicable exemptions. The median property tax bill in Wimbledon stands at $683, which is significantly lower than the national median property tax rate of 0.99%. This lower rate can make homeownership more affordable for residents. However, it’s important for homeowners to stay informed about changes in assessed values and tax rates, as these can impact their annual tax obligations. Understanding how these factors interplay helps homeowners manage their finances more effectively and anticipate future tax liabilities.
Average Wimbledon Tax Bill
$683
Average Barnes County Tax Bill
$1,027
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Wimbledon, Barnes County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58492 | $70 | $347 | $683 | $1,262 | $1,803 |
Source: Ownwell