Golden Valley County Property Taxes
The median property tax rate in Golden Valley is 0.88%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Golden Valley at $96,800, the typical annual property tax bill is approximately $829, significantly below the national median of $2,690. Property taxes in Golden Valley are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Golden Valley's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Beach or another part of Golden Valley, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Golden Valley County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$852
Ownwell’s Golden Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Golden Valley with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Golden Valley to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Golden Valley County, North Dakota
Property taxes in Golden Valley play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Golden Valley is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Golden Valley set these rates annually, and they can vary significantly between different areas within the county. Each year, Golden Valley estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Golden Valley's effective property tax rate with other regions in North Dakota and the national median. For comparison, the city of Golva has one of the higher property tax rates in North Dakota at 0.89%, while the city of Sentinel Butte boasts one of the lowest at 0.71%. Analyzing how Golden Valley's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Golden Valley County Tax Rate
0.88%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golden Valley County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beach | 0.67% | 0.88% | 0.88% | 0.88% | 0.88% |
| Golva | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
| Sentinel Butte | 0.67% | 0.71% | 0.71% | 0.75% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Golden Valley County, North Dakota
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Golden Valley. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Golden Valley Appraisal District. The assessed value, however, 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. Assessment notices in Golden Valley are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Sentinel Butte has the highest median tax bill at $975, while Golva has the lowest at $314. Being aware of these valuation processes in Golden Valley will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Golden Valley County, North Dakota
Source: Ownwell
$35,200
$86,550
$137,900
Average Golden Valley County Assessed Value
$96,800
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Golden Valley County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beach | $26,880 | $50,600 | $67,650 | $141,900 | $194,720 |
| Golva | $35,200 | $35,200 | $35,200 | $35,200 | $35,200 |
| Sentinel Butte | $72,860 | $126,450 | $137,900 | $209,850 | $338,280 |
Source: Ownwell
Property Tax Bills Across Golden Valley County, North Dakota
In Golden Valley County, ND, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is a percentage of the property's market value. The tax rate, or mill rate, is then applied to this assessed value to determine the annual tax bill. Homeowners in Golden Valley County experience a range of tax bills. The tax bill at the 25th percentile is $451, while the 75th percentile sees a tax bill of $1357. At the higher end, the 90th percentile tax bill reaches $2161. Comparatively, the highest median tax bill in the county is $975 in Sentinel Butte, whereas Golva has the lowest median tax bill at $314. These property taxes fund local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners must budget for these costs, which can vary significantly within the county, reflecting differences in property values and local tax rates.
Average Golden Valley County Tax Bill
$829
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Golden Valley County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beach | $173 | $429 | $594 | $1,196 | $1,504 |
| Golva | $314 | $314 | $314 | $314 | $314 |
| Sentinel Butte | $513 | $897 | $975 | $1,570 | $2,670 |
Source: Ownwell