Hannah, North Dakota Property Taxes
The median property tax rate in Hannah, ND is 0.99%, which aligns with the national median of 0.99% but falls below the North Dakota state median of 1.30%. With a median home value of $123,850 in Hannah, the typical annual property tax bill is $1,222, which is lower than the national median of $2,690. Property taxes in Hannah are calculated based on the tax assessed value, which often comes in below market value due to exemptions such as those for primary residences and agricultural properties. Understanding Hannah'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 Hannah or another part of Cavalier County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hannah, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,226
Ownwell’s Hannah Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hannah, ND effortlessly. By simply entering your property's estimated assessed value, the calculator uses the median tax rate specific to Hannah to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, including neighborhood-level trends, scroll down for localized information. Remember, your property’s assessed value is determined by the county for tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Hannah, North Dakota
Property taxes in Hannah, 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 Hannah is 0.99%, which aligns with both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Hannah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hannah 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 Hannah's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58239 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Hannah provides valuable insights into the varying tax landscape across Cavalier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hannah Tax Rate
0.99%
Average Cavalier County Tax Rate
0.99%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hannah, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58239 | 0.97% | 0.98% | 0.99% | 1.00% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Hannah, North Dakota
In Hannah, 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 Cavalier 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 Hannah, 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 Hannah is $123,850, with tax bills ranging from $945 at the 25th percentile to $2,313 at the 90th percentile. The zip code 58239 has the highest and lowest median tax bill of $1,222. 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 Hannah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hannah Assessed Value
$123,850
Average Cavalier County Assessed Value
$90,150
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hannah, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58239 | $74,950 | $95,875 | $123,850 | $170,075 | $223,850 |
Source: Ownwell
Property Tax Bills Across Hannah, North Dakota
In Hannah, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For homeowners in Cavalier County, the median home price is $123,850. The property tax rate in this region plays a crucial role in determining the final tax bill. For example, homeowners in the 25th percentile of tax bills pay around $945 annually, while those in the 75th percentile pay about $1714. At the 90th percentile, the tax bill can reach up to $2313. These figures illustrate how property taxes can vary significantly based on the assessed value and applicable tax rates. The highest and lowest median tax bills in Cavalier County are both $1222, indicating a relatively consistent tax rate across different areas. Compared to the national median property tax rate of 0.99%, Hannah’s tax rates can provide a more affordable option for homeowners. This variability in tax bills impacts homeowners by influencing their annual financial obligations and overall housing affordability.
Average Hannah Tax Bill
$1,222
Average Cavalier County Tax Bill
$1,068
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Hannah, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58239 | $733 | $945 | $1,222 | $1,714 | $2,313 |
Source: Ownwell