Granville, North Dakota Property Taxes
The median property tax rate in Granville, ND is 1.01%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With the median home value in Granville at $91,450, the typical annual property tax bill is $808, which is below the national median of $2,690. Property taxes in Granville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Granville'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 Granville 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
Granville, 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 Granville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Granville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granville 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 Granville, North Dakota
Property taxes in Granville, North Dakota, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Granville is 1.01%, which is higher than the U.S. national median of 0.99%. Local government entities within Granville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Granville 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 Granville's effective property tax rate to other regions in North Dakota and the national median. For comparison, the zip code 58741 has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with Granville provides valuable insights into the varying tax landscape across McHenry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Granville Tax Rate
1.01%
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 Granville, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58741 | 0.87% | 0.92% | 1.01% | 1.10% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Granville, North Dakota
In Granville, 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 McHenry 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. Assessment notices in Granville 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 Granville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $808, found in the 58741 zip code.
Average Granville Assessed Value
$91,450
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 Granville, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58741 | $40,290 | $59,475 | $91,450 | $123,425 | $142,610 |
Source: Ownwell
Property Tax Bills Across Granville, North Dakota
In Granville, located in McHenry County, 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 typically a percentage of the home's market value. For example, with a median home price of $91,450, the tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence the tax bill, including property size, location, and improvements. Homeowners in Granville can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $568, while the 75th percentile reaches up to $1,049. At the higher end, the 90th percentile tax bill is $1,193. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Comparing to the national median property tax rate of 0.99%, Granville's property tax rates provide a crucial contribution to maintaining and enhancing local amenities and services.
Average Granville Tax Bill
$808
Average Mchenry County Tax Bill
$855
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Granville, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58741 | $423 | $568 | $808 | $1,049 | $1,193 |
Source: Ownwell