Manvel, North Dakota Property Taxes
The median property tax rate in Manvel, ND is 1.35%, higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Manvel at $134,400, the typical annual property tax bill reaches $1,590, which is below the national median of $2,690. Property taxes in Manvel 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 Manvel'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 Manvel 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
Manvel, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,814
$1,684
Ownwell’s Manvel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manvel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manvel 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 Manvel, North Dakota
Property taxes in Manvel, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manvel is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Manvel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manvel 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 Manvel's effective property tax rate to other areas in Grand Forks County and the national median. For comparison, the zip code 58256 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these areas compare with Manvel 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 Manvel Tax Rate
1.35%
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 Manvel, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58256 | 0.94% | 0.97% | 1.35% | 1.45% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Manvel, North Dakota
In Manvel, 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 Manvel, 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 example, the median home price in Manvel is $134,400, with tax bills ranging from $1,057 at the 25th percentile to $3,122 at the 90th percentile. The zip code with the highest and lowest median tax bill is 58256, both at $1,590. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Manvel Assessed Value
$134,400
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 Manvel, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58256 | $41,760 | $78,750 | $134,400 | $195,000 | $259,240 |
Source: Ownwell
Property Tax Bills Across Manvel, North Dakota
Property tax bills in Manvel, located in Grand Forks County, ND, are calculated based on the assessed value of a property, which is then multiplied by the local tax rate. The assessed value is determined by the local assessor's office and is a percentage of the property's market value. In Manvel, the median home price is $134,400. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the property tax bill, including the property's location, size, and improvements. For example, the 25th percentile of tax bills in Manvel is $1,057, while the 75th percentile reaches $2,332. This range highlights how various property characteristics can significantly impact the tax amount. For homeowners, understanding these factors is crucial as property taxes represent a significant annual expense. Compared to the national median property tax rate of 0.99%, Manvel's tax rates reflect the local fiscal policies and community needs, affecting homeowners' financial planning and home affordability.
Average Manvel Tax Bill
$1,590
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 Manvel, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58256 | $462 | $1,057 | $1,590 | $2,332 | $3,122 |
Source: Ownwell