Wheatland, North Dakota Property Taxes
The median property tax rate in Wheatland, ND is 0.88%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Wheatland at $152,000, the typical annual property tax bill reaches $1,533, falling below the national median of $2,690. Property taxes in Wheatland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wheatland'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 Wheatland 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
Wheatland, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,338
$1,241
Ownwell’s Wheatland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wheatland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wheatland 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 Wheatland, North Dakota
Property taxes in Wheatland, 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 Wheatland is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Wheatland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wheatland 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 Wheatland's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58079 has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with Wheatland 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 Wheatland Tax Rate
0.88%
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 Wheatland, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58079 | 0.86% | 0.86% | 0.88% | 0.89% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Wheatland, North Dakota
In Wheatland, 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 Wheatland, 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. For instance, the median home price in Wheatland is $152,000, with tax bills ranging from $634 at the 25th percentile to $3,803 at the 90th percentile. Interestingly, the highest and lowest median tax bills in the area are both $1,533 in the 58079 zip code. 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 Wheatland Assessed Value
$152,000
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 Wheatland, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58079 | $3,303 | $32,550 | $152,000 | $283,250 | $399,280 |
Source: Ownwell
Property Tax Bills Across Wheatland, North Dakota
In Wheatland, located in Cass County, ND, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor, who evaluates the property's market value and applies an assessment ratio. Homeowners in Wheatland pay property taxes that are influenced by various factors, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, with a median home price of $152,000, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $634, while those at the 75th percentile could see a tax bill of approximately $2,690. At the higher end, the 90th percentile tax bill reaches up to $3,803. These variations highlight how property taxes can impact homeowners differently, depending on their property's assessed value and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Wheatland's property tax bills reflect the local economic conditions and funding requirements for public services, making it essential for homeowners to understand how their tax obligations are calculated.
Average Wheatland Tax Bill
$1,533
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 Wheatland, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58079 | $160 | $634 | $1,533 | $2,690 | $3,803 |
Source: Ownwell