Benson County Property Taxes
The median property tax rate in Benson County is 0.73%, which is significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Benson County at $18,850, the typical annual property tax bill is $272, far below the national median of $2,690. Property taxes in Benson County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Benson County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in a city like Minnewaukan or another part of Benson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Benson County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$138
$128
Ownwell’s Benson County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Benson County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Benson County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Benson County, North Dakota
Property taxes in Benson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Benson County is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Benson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Benson County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Benson County's effective property tax rate with other benchmarks. For comparison, the city of Leeds has one of the higher property tax rates at 1.43%, while the city of Warwick boasts one of the lowest at 0.73%. Analyzing how Benson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Benson County Tax Rate
0.73%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Benson County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Devils Lake | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
| Leeds | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% |
| Maddock | N/A | N/A | N/A | N/A | N/A |
| Saint Michael | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
| Warwick | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Benson County, North Dakota
In Benson County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Benson County Appraisal District. The assessed value, however, 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. Assessment notices in Benson County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Warwick holds the highest median tax bill at $463, while Devils Lake has the lowest at $179. Being aware of these valuation processes in Benson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Benson County, North Dakota
Source: Ownwell
$19,200
$25,460
$31,720
Average Benson County Assessed Value
$18,850
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Benson County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Devils Lake | $15,250 | $17,875 | $24,500 | $49,300 | $110,290 |
| Leeds | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 |
| Maddock | N/A | N/A | N/A | N/A | N/A |
| Saint Michael | $19,200 | $19,200 | $19,200 | $19,200 | $19,200 |
| Warwick | $6,344 | $15,860 | $31,720 | $47,580 | $57,096 |
Source: Ownwell
Property Tax Bills Across Benson County, North Dakota
In Benson County, ND, property tax bills are calculated based on the assessed value of a property, which is influenced by various factors including market value, property type, and local tax rates. The median home price in Benson County is $18,850, significantly lower than the national median home price. The property tax rate in Benson County is determined by local taxing authorities and applied to the assessed value of the property. Homeowners in Benson County can expect their tax bills to vary, with the 25th percentile of tax bills at $157 and the 75th percentile at $384. For those at the 90th percentile, the tax bill can reach up to $504. The highest median tax bill in the county is found in Warwick at $463, while the lowest is in Devils Lake at $179. These variations in tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding these factors can help homeowners anticipate their annual property tax obligations.
Average Benson County Tax Bill
$272
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Benson County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Devils Lake | $111 | $130 | $179 | $360 | $804 |
| Leeds | $357 | $357 | $357 | $357 | $357 |
| Maddock | N/A | N/A | N/A | N/A | N/A |
| Saint Michael | $233 | $233 | $233 | $233 | $233 |
| Warwick | $463 | $463 | $463 | $463 | $463 |
Source: Ownwell