Hatton, Grand Forks County, North Dakota Property Taxes

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Hatton’s effective property tax rate to other cities in North Dakota and the median property tax rates in North Dakota and the U.S.

Hatton, located in Grand Forks County, has an effective property tax rate that is higher than the national median of 1.02%. This reflects the county's approach to balancing its budgetary needs with the total taxable property value. North Dakota's median property tax rate is 1.13%, slightly above the national median, indicating a state-wide trend towards higher property taxes. For residents of Hatton and other cities in the county, understanding these rates is crucial for financial planning, especially when compared to the national median property tax bill of $2,400. By staying informed, property owners can make better decisions about their investments and potential tax appeals.

In Hatton, located in Grand Forks County, ND, property tax bills are determined by the assessed value of a home multiplied by the local tax rate. With a median home price of $72,100, homeowners in Hatton can expect their property tax bills to vary significantly. The 25th percentile of tax bills is around $651, while the 75th percentile is $2,046, and the 90th percentile reaches $2,753. These figures highlight the variation in tax burdens depending on property value and local tax rates. Compared to the national median property tax bill of $2,400, Hatton's tax bills can be considerably lower, offering a potential advantage to homeowners.

However, even with relatively lower tax bills, homeowners may still find opportunities to reduce their tax burdens. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners identify discrepancies in assessed values and ensures they are not overpaying. With a focus on maximizing savings, Ownwell's services can lead to significant reductions in property tax bills, providing financial relief to homeowners in Hatton.