Mountain, North Dakota Property Taxes
The median property tax rate in MOUNTAIN, ND is 0.98%, slightly below the national median of 0.99% and significantly lower than the North Dakota state median of 1.30%. With a median home value of $206,300 in MOUNTAIN, the typical annual property tax bill amounts to $2,135, which is below the national median of $2,690. Property taxes in MOUNTAIN are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding the property tax system in MOUNTAIN, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of MOUNTAIN or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mountain, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$2,022
$1,876
Ownwell’s Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountain 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 Mountain, North Dakota
Property taxes in Mountain, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountain is 0.98%, closely aligned with the North Dakota state median and just below the U.S. national median of 0.99%. Local government entities within Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountain 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 Mountain's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58262 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Mountain 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 Mountain Tax Rate
0.98%
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 Mountain, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58262 | 0.97% | 0.98% | 0.98% | 1.01% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Mountain, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mountain, ND. 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 local 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 Mountain, 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. The median home price in Mountain is $206,300, with tax bills ranging from $1,129 at the 25th percentile to $2,449 at the 90th percentile. The zip code 58262 has both the highest and lowest median tax bill of $2,135. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mountain Assessed Value
$206,300
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 Mountain, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58262 | $51,340 | $109,450 | $206,300 | $233,100 | $249,180 |
Source: Ownwell
Property Tax Bills Across Mountain, North Dakota
In Mountain, North Dakota, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the property tax rate set by the local government. In Cavalier County, where Mountain is located, the median home price is $206,300. Homeowners in this area can expect to pay a property tax bill that varies widely depending on the assessed value of their property. For instance, the 25th percentile tax bill is $1,129, while the 75th percentile tax bill reaches $2,331. The 90th percentile tax bill is even higher at $2,449. These tax bills are influenced by factors such as property improvements, market conditions, and local government budget needs. Compared to the national median property tax rate of 0.99%, the tax rates in Mountain may present a different financial impact on homeowners. Understanding these nuances can help homeowners plan better for their financial future and manage their property-related expenses effectively.
Average Mountain Tax Bill
$2,135
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 Mountain, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58262 | $526 | $1,129 | $2,135 | $2,331 | $2,449 |
Source: Ownwell