Billings County, North Dakota Property Taxes
The median property tax rate in Billings County is 0.55%, 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 Billings County at $50,600, the typical annual property tax bill is approximately $281, far below the national median of $2,690. Property taxes in Billings County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Billings 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 Medora or another part of Billings County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Billings County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$278
$258
Ownwell’s Billings County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Billings County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Billings 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 Billings County, North Dakota
Property taxes in Billings County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Billings County is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Billings County set these rates annually, and they can vary significantly between different areas within the county. Each year, Billings 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. For comparison, the city of Manning has one of the higher property tax rates in North Dakota at 0.55%, while the city of Belfield also boasts a rate of 0.55%. Analyzing how Billings County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Billings County Tax Rate
0.55%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Billings County, North Dakota
In Billings 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 Billings 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 Billings 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. Billings County features a range of tax bills, with Manning having the highest median tax bill at $412, while Fairfield has the lowest at $155. Being aware of these valuation processes in Billings 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 Billings County, North Dakota
Source: Ownwell
$43,350
$46,975
$50,600
Average Billings County Assessed Value
$50,600
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Bills Across Billings County, North Dakota
In Billings County, ND, property tax bills are calculated based on the assessed value of a property, which is derived from its market value. The county's property tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence the final tax amount, including the property's location, size, and improvements. For instance, the median home price in Billings County is $50,600. Homeowners at the 25th percentile of tax bills pay around $103 annually, while those at the 75th percentile pay approximately $451. At the higher end, the 90th percentile tax bill can reach up to $1,050. The highest median tax bill in the county is found in Manning at $412, whereas Fairfield has the lowest median tax bill at $155. Compared to the national median property tax rate of 0.99%, Billings County's tax rates can vary significantly, affecting homeowners' annual financial obligations. Understanding these factors helps homeowners anticipate their property tax liabilities and plan accordingly.
Average Billings County Tax Bill
$281
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690