Mchenry County Property Taxes
The median property tax rate in McHenry County is 1.11%, which is higher than the national median of 0.99% but lower than North Dakota's state median of 1.30%. With a median home value of $74,300 in McHenry County, the typical annual property tax bill is approximately $855, significantly below the national median of $2,690. Property taxes in McHenry County are based on the assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding McHenry County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Towner or another part of McHenry County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mchenry County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$825
$765
Ownwell’s McHenry County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McHenry County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in McHenry County 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 Mchenry County, North Dakota
Property taxes in McHenry County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in McHenry County is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within McHenry County set these rates annually, and they can vary significantly between different areas within the county. Each year, McHenry County 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 McHenry County's effective property tax rate with other areas in North Dakota and the national median. For comparison, the city of Velva has one of the higher property tax rates in North Dakota at 1.43%, while the city of Balfour boasts one of the lowest at 0.72%. Analyzing how McHenry County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mchenry County Tax Rate
1.11%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mchenry County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anamoose | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
| Balfour | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| Granville | 0.87% | 0.92% | 1.01% | 1.10% | 1.15% |
| Towner | 0.77% | 0.82% | 1.18% | 1.18% | 1.18% |
| Upham | 0.80% | 0.82% | 0.87% | 1.03% | 1.13% |
| Velva | 0.92% | 1.43% | 1.43% | 1.43% | 1.43% |
| Voltaire | 0.86% | 0.86% | 0.87% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Mchenry County, North Dakota
In McHenry County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 McHenry County 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 McHenry County 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. In McHenry County, the highest median tax bill is in Velva at $1,310, while the lowest is in Anamoose at $318. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Mchenry County, North Dakota
Source: Ownwell
$28,600
$88,450
$148,300
Average Mchenry County Assessed Value
$74,300
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mchenry County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anamoose | $27,960 | $28,200 | $28,600 | $38,950 | $45,160 |
| Balfour | $93,050 | $93,050 | $93,050 | $93,050 | $93,050 |
| Granville | $40,290 | $59,475 | $91,450 | $123,425 | $142,610 |
| Towner | $13,400 | $21,500 | $62,250 | $76,100 | $120,800 |
| Upham | $39,500 | $80,300 | $148,300 | $172,200 | $186,540 |
| Velva | $27,080 | $58,775 | $88,550 | $152,900 | $197,360 |
| Voltaire | $62,436 | $76,314 | $99,442 | $122,571 | $136,448 |
Source: Ownwell
Property Tax Bills Across Mchenry County, North Dakota
In McHenry 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 typically a percentage of the market value of the property. Homeowners in McHenry County can expect their property tax bill to vary significantly depending on their home's value and location. For instance, the median home price in the county is $74,300. Tax bills in the county range widely, with the 25th percentile paying around $355, while those in the 75th percentile see bills closer to $1,289. The highest median tax bill in the county is found in Velva, at $1,310, while Anamoose has the lowest median tax bill at $318. These variations can significantly impact homeowners' annual expenses, making it crucial for property owners to understand how their tax bill is determined and what factors influence it. Compared to the national median property tax rate of 0.99%, McHenry County presents diverse tax obligations for its residents.
Average Mchenry County Tax Bill
$855
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690