Johnstown, North Dakota Property Taxes
The median property tax rate in Johnstown, ND is 0.92%, which is lower than both the national median of 0.99% and North Dakota's state median of 1.30%. With a median home value of $83,900 in Johnstown, the typical annual property tax bill amounts to $789, falling well below the national median of $2,690. Property taxes in Johnstown are determined based on the assessed value, which often is less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Johnstown'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 Johnstown or another part of Grand Forks County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Johnstown, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$772
Ownwell’s Johnstown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Johnstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnstown to provide an estimate of 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 Grand Forks County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Johnstown, North Dakota
Property taxes in Johnstown, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnstown is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Johnstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnstown 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 Johnstown's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58235 zip code has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Johnstown 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 Johnstown Tax Rate
0.92%
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 Johnstown, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58235 | 0.92% | 0.92% | 0.92% | 0.94% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Johnstown, North Dakota
In Johnstown, 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 Grand Forks 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 Johnstown, 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 Johnstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $789 in zip code 58235, which is also the lowest median tax bill, reflecting a consistent tax structure.
Average Johnstown Assessed Value
$83,900
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 Johnstown, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58235 | $38,320 | $65,800 | $83,900 | $283,000 | $448,060 |
Source: Ownwell
Property Tax Bills Across Johnstown, North Dakota
In Johnstown, Grand Forks County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Local tax rates are then applied to this assessed value to determine the annual tax bill. For instance, the median home price in Johnstown is $83,900. Depending on various factors such as property location and size, tax bills can vary significantly. The 25th percentile tax bill is around $608, while at the 75th percentile, it rises to $2,612. For those at the higher end, the 90th percentile tax bill can reach up to $4,257. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Compared to the national median property tax rate of 0.99%, Johnstown's property tax rates reflect the local economic conditions and public service needs, ensuring that homeowners contribute fairly to the community.
Average Johnstown Tax Bill
$789
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 Johnstown, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58235 | $354 | $608 | $789 | $2,612 | $4,257 |
Source: Ownwell