Voltaire, North Dakota Property Taxes
The median property tax rate in Voltaire, ND is 0.87%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $99,442 in Voltaire, the typical annual property tax bill amounts to $856, significantly below the national median of $2,690. Property taxes in Voltaire are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Voltaire'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 Voltaire 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
Voltaire, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$865
Ownwell’s Voltaire Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Voltaire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Voltaire 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 McHenry County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Voltaire, North Dakota
Property taxes in Voltaire, North Dakota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Voltaire is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Voltaire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Voltaire 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 Voltaire's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58792 zip code has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Voltaire 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 Voltaire Tax Rate
0.87%
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 Voltaire, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58792 | 0.86% | 0.86% | 0.87% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Voltaire, North Dakota
In Voltaire, 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. In Voltaire, 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. The median home price in Voltaire is $99,442, with tax bills ranging from $661 at the 25th percentile to $1,167 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 58792, with a median tax bill of $856. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Voltaire Assessed Value
$99,442
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 Voltaire, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58792 | $62,436 | $76,314 | $99,442 | $122,571 | $136,448 |
Source: Ownwell
Property Tax Bills Across Voltaire, North Dakota
In Voltaire, located in McHenry County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is a percentage of the market value of the property. For instance, with a median home price of $99,442, the tax bill varies depending on the specific valuation and local tax rates. Factors influencing the tax bill include the property's location, size, and condition, as well as any applicable exemptions or deductions. In Voltaire, the 25th percentile tax bill is $661, while the 75th percentile reaches $1,051, and the 90th percentile can be as high as $1,167. These variations highlight how different assessments and property characteristics can significantly impact the amount homeowners owe. Comparatively, the national median property tax rate is 0.99%, which provides a context for understanding how local rates align with broader trends. For homeowners, understanding these factors is crucial for financial planning and managing yearly expenses.
Average Voltaire Tax Bill
$856
Average Mchenry County Tax Bill
$855
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Voltaire, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58792 | $544 | $661 | $856 | $1,051 | $1,167 |
Source: Ownwell