Marshall, North Dakota Property Taxes
The median property tax rate in Marshall, ND is 0.18%, 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 Marshall, the typical annual property tax bill is $458, well below the national median of $2,690. Property taxes in Marshall are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marshall'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 Marshall 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
Marshall, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.18%
Estimate Property Tax Bill
$474
$439
Ownwell’s Marshall Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marshall with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Marshall to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities with ease. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Dunn County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Marshall, North Dakota
Property taxes in Marshall, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marshall is 0.18%, significantly lower than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Marshall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marshall 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 Marshall's effective property tax rate to other counties in North Dakota and the national median. For comparison, the highest median property tax rate in the region is found in zip code 58078, with a rate of 1.22%, while the lowest median tax rate is in zip code 58401, at 0.83%. Understanding how these cities compare with Marshall 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 Marshall Tax Rate
0.18%
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 Marshall, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58644 | 0.17% | 0.17% | 0.18% | 0.18% | 0.18% |
Source: Ownwell
Property Tax Assessment Values Across Marshall, North Dakota
In Marshall, 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 Marshall, 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 Marshall is $263,115, with tax bills ranging from $328 at the 25th percentile to $667 at the 90th percentile. The highest and lowest median tax bill in the area is $458 in zip code 58644. 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 Marshall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marshall Assessed Value
$263,115
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 Marshall, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58644 | $142,343 | $187,632 | $263,115 | $338,598 | $383,887 |
Source: Ownwell
Property Tax Bills Across Marshall, North Dakota
In Marshall, located in Dunn County, ND, property tax bills are calculated based on the assessed value of a property and the local tax rate. Homeowners' tax bills are determined by multiplying the assessed value of their property by the local tax rate. For instance, with a median home price of $263,115, property taxes can vary significantly. The 25th percentile tax bill is $328, while the 75th percentile tax bill is $588, and the 90th percentile tax bill reaches $667. These figures are relatively low compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions. The assessed value is typically a percentage of the market value, ensuring that homeowners in higher-valued properties pay more in taxes. This system ensures that tax contributions are proportional to property values, impacting homeowners by providing necessary funds for local services like schools, infrastructure, and public safety. Understanding these factors can help homeowners anticipate and manage their property tax responsibilities effectively.
Average Marshall Tax Bill
$458
Average Dunn County Tax Bill
$774
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshall, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58644 | $250 | $328 | $458 | $588 | $667 |
Source: Ownwell