Glenburn, North Dakota Property Taxes
The median property tax rate in Glenburn, ND is 0.87%, lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Glenburn at $298,900, the typical annual property tax bill is $2,595, which is below the national median of $2,690. Property taxes in Glenburn 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 Glenburn'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 Glenburn or another part of Bottineau County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glenburn, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$2,600
Ownwell’s Glenburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenburn 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 Glenburn, North Dakota
Property taxes in Glenburn, North Dakota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenburn is 0.87%, which is below the U.S. national median of 0.99%. Local government entities within Glenburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenburn 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 Glenburn's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58740 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Glenburn provides valuable insights into the varying tax landscape across Bottineau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glenburn Tax Rate
0.87%
Average Bottineau County Tax Rate
0.90%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenburn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58740 | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Glenburn, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Glenburn, North Dakota. 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 Bottineau 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 Glenburn, 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 Glenburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Glenburn is $298,900, with the highest and lowest median tax bills both being $2,595 in zip code 58740.
Average Glenburn Assessed Value
$298,900
Average Bottineau County Assessed Value
$150,650
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glenburn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58740 | $298,900 | $298,900 | $298,900 | $298,900 | $298,900 |
Source: Ownwell
Property Tax Bills Across Glenburn, North Dakota
In Glenburn, located in Bottineau County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Glenburn is $298,900, and the property tax rate in this region significantly impacts homeowners. Factors such as property size, location, and improvements can influence the assessed value. For example, a home with modern amenities or in a desirable neighborhood might have a higher assessed value, resulting in a higher tax bill. Interestingly, the median property tax bill in Glenburn is $2,595, which is notably higher than the national median property tax rate of 0.99%. This higher tax bill can affect homeowners by increasing their annual expenses, making it crucial for them to budget accordingly. Understanding these factors helps homeowners anticipate their financial obligations and plan for their future.
Average Glenburn Tax Bill
$2,595
Average Bottineau County Tax Bill
$1,406
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenburn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58740 | $2,595 | $2,595 | $2,595 | $2,595 | $2,595 |
Source: Ownwell