Gladstone, North Dakota Property Taxes
The median property tax rate in Gladstone, ND is 0.61%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Gladstone at $306,150, the typical annual property tax bill is $2,294, which is below the national median of $2,690. Property taxes in Gladstone are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Gladstone'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 Gladstone 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
Gladstone, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,868
-$19,572
Ownwell’s Gladstone Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Gladstone with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Gladstone to estimate your property tax bill. This invaluable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is the amount determined by Dunn County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Gladstone, North Dakota
Property taxes in Gladstone, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gladstone is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Gladstone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gladstone 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 Gladstone's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58630 has both the highest and lowest median property tax rate of 0.61%. Understanding how these cities compare with Gladstone provides valuable insights into the varying tax landscape across Dunn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gladstone Tax Rate
0.61%
Average Dunn County Tax Rate
0.72%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gladstone, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58630 | 0.61% | 0.61% | 0.61% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Gladstone, North Dakota
In Gladstone, 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 Dunn 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 Gladstone, 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 Gladstone helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $2,294 in the 58630 zip code, while the lowest median tax bill is also $2,294 in the same zip code. This indicates a uniformity in tax bills within the region, making it essential for homeowners to stay informed about potential savings and exemptions.
Average Gladstone Assessed Value
$306,150
Average Dunn County Assessed Value
$119,040
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gladstone, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58630 | $176,962 | $261,040 | $306,150 | $421,800 | $829,470 |
Source: Ownwell
Property Tax Bills Across Gladstone, North Dakota
In Gladstone, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property’s market value and then applies an assessment ratio. This ratio varies but is crucial in determining the taxable value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Factors influencing the tax bill include the home's market value, any applicable exemptions, and the specific tax rate set by local authorities. In Gladstone, the tax bill can range significantly, with the 25th percentile at $1,601 and the 75th percentile at $2,587. At the 90th percentile, homeowners may see bills as high as $5,089. These taxes fund local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Comparatively, the national median property tax rate is 0.99%, highlighting the regional variations in property tax burdens.
Average Gladstone Tax Bill
$2,294
Average Dunn County Tax Bill
$774
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Gladstone, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58630 | $1,184 | $1,601 | $2,294 | $2,587 | $5,089 |
Source: Ownwell