Harwood, North Dakota Property Taxes
The median property tax rate in Harwood, ND is 1.45%, considerably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Harwood at $263,500, the typical annual property tax bill reaches $3,485, exceeding the national median of $2,690. Property taxes in Harwood are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Harwood'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 Harwood 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
Harwood, 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 Harwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential owners to estimate their annual property taxes in Harwood with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harwood to provide an accurate estimate of your property tax bill. This insightful tool is designed to help you understand potential tax liabilities with ease. For those interested in more detailed information, trends on a neighborhood level are available further down the page. Your property’s assessed value is the figure assigned by Cass County for property tax calculations, including any applicable exemptions.
Property Tax Rates Across Harwood, North Dakota
Property taxes in Harwood, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harwood is 1.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within Harwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harwood 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 Harwood's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58042 zip code has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these areas compare with Harwood provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harwood Tax Rate
1.45%
Average Cass County Tax Rate
1.42%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harwood, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58042 | 0.94% | 1.00% | 1.45% | 1.53% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Harwood, North Dakota
In Harwood, 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 Cass 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 Harwood, 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. The median home price in Harwood is $263,500, with tax bills ranging from $2,649 at the 25th percentile to $5,441 at the 90th percentile. The zip code 58042 has both the highest and lowest median tax bill, which is $3,485. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harwood Assessed Value
$263,500
Average Cass County Assessed Value
$223,400
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harwood, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58042 | $128,280 | $204,100 | $263,500 | $326,800 | $446,760 |
Source: Ownwell
Property Tax Bills Across Harwood, North Dakota
In Harwood, located in Cass County, ND, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the local assessor. For instance, the median home price in Harwood is $263,500. Homeowners' tax bills vary significantly, with the 25th percentile tax bill at $2,649, the 75th percentile at $4,390, and the 90th percentile reaching $5,441. These tax bills are influenced by several factors, including the home's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Harwood's property tax rate can lead to substantial annual costs for homeowners. This variation can impact budgeting and financial planning, making it essential for homeowners to stay informed about their property's assessed value and any potential changes in local tax rates.
Average Harwood Tax Bill
$3,485
Average Cass County Tax Bill
$3,332
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Harwood, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58042 | $1,875 | $2,649 | $3,485 | $4,390 | $5,441 |
Source: Ownwell