Walhalla, North Dakota Property Taxes
The median property tax rate in Walhalla, ND is 0.89%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $73,800 in Walhalla, the typical annual property tax bill comes to $649, significantly less than the national median of $2,690. Property taxes in Walhalla are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Walhalla's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Walhalla or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Walhalla, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$657
$610
Ownwell’s Walhalla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walhalla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walhalla 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 Walhalla, North Dakota
Property taxes in Walhalla, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walhalla is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Walhalla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walhalla 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 Walhalla's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58282 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Walhalla 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 Walhalla Tax Rate
0.89%
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 Walhalla, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58282 | 0.84% | 0.88% | 0.89% | 0.91% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Walhalla, North Dakota
In Walhalla, 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 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 Walhalla, 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 Walhalla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Cavalier County, the highest and lowest median tax bills are both $649, found in zip code 58282, making it essential for homeowners to stay informed and proactive.
Average Walhalla Assessed Value
$73,800
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 Walhalla, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58282 | $17,500 | $37,100 | $73,800 | $115,200 | $179,700 |
Source: Ownwell
Property Tax Bills Across Walhalla, North Dakota
In Walhalla, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price here is $73,800. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's market value, local tax rates, and any applicable exemptions or deductions. For homeowners, this means that the tax bill can vary significantly. For instance, tax bills range from the 25th percentile at $318 to the 75th percentile at $1,034, with the 90th percentile reaching $1,525. The highest and lowest median tax bills in the area are both $649. Compared to the national median property tax rate of 0.99%, these figures provide a glimpse into how local policies and property values impact what homeowners pay annually. This variability underscores the importance of understanding local property tax regulations and potential savings opportunities.
Average Walhalla Tax Bill
$649
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 Walhalla, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58282 | $154 | $318 | $649 | $1,034 | $1,525 |
Source: Ownwell