Grand Forks, North Dakota Property Taxes
The median property tax rate in Grand Forks, ND is 1.49%, considerably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Grand Forks at $209,100, the typical annual property tax bill reaches $3,088, exceeding the national median of $2,690. Property taxes in Grand Forks are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grand Forks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Grand Forks 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
Grand Forks, North Dakota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,600
Ownwell’s Grand Forks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand Forks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand Forks 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 Grand Forks, North Dakota
Property taxes in Grand Forks, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Forks is 1.49%, significantly higher than the U.S. national median of 0.99%. Local government entities within Grand Forks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Forks 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 Grand Forks' effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58201 zip code has the highest median property tax rate of 1.49%, while the 58203 zip code has the lowest median tax rate of 1.49%. Understanding how these cities compare with Grand Forks provides valuable insights into the varying tax landscape across Grand Forks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grand Forks Tax Rate
1.49%
Average Grand Forks County Tax Rate
1.49%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Forks, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58201 | 1.48% | 1.48% | 1.49% | 1.52% | 1.58% |
| 58203 | 1.48% | 1.48% | 1.49% | 1.49% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Grand Forks, North Dakota
In Grand Forks, 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 Grand Forks, 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 Grand Forks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $3,428 in zip code 58201, while the lowest is $2,440 in zip code 58203.
Property Tax Assessment Values Across Grand Forks, North Dakota
Source: Ownwell
$31,300
$150,925
$270,550
Average Grand Forks Assessed Value
$209,100
Average Grand Forks County Assessed Value
$201,100
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grand Forks, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58201 | $125,800 | $177,600 | $229,900 | $302,375 | $398,600 |
| 58203 | $99,000 | $132,300 | $167,600 | $207,500 | $249,700 |
Source: Ownwell
Property Tax Bills Across Grand Forks, North Dakota
In Grand Forks, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Grand Forks can expect varying tax bills depending on their property's value. For instance, the median home price in the area is $209,100. Tax bills in the 25th percentile are around $2,263, while those in the 75th percentile can reach up to $4,129. The highest median tax bill in the city, found in the 58201 zip code, is $3,428, whereas the lowest median tax bill in the 58203 zip code is $2,440. Compared to the national median property tax rate of 0.99%, Grand Forks' tax bills reflect a range of values that can significantly impact homeowners' annual expenses. Understanding these factors is crucial for homeowners to budget effectively and plan for their financial future.
Average Grand Forks Tax Bill
$3,088
Average Grand Forks County Tax Bill
$2,953
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Forks, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58201 | $1,648 | $2,561 | $3,428 | $4,552 | $6,135 |
| 58203 | $1,304 | $1,878 | $2,440 | $3,042 | $3,689 |
Source: Ownwell