Grassy Butte, North Dakota Property Taxes
The median property tax rate in Grassy Butte, ND, is 0.49%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Grassy Butte at $172,660, the typical annual property tax bill amounts to $844, well below the national median of $2,690. Property taxes in Grassy Butte are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Grassy Butte's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Grassy Butte or another part of McKenzie County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grassy Butte, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$846
Ownwell's Grassy Butte Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grassy Butte, ND with just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grassy Butte to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is determined by McKenzie County for tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Grassy Butte, North Dakota
Property taxes in Grassy Butte, North Dakota, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Grassy Butte is 0.49%, lower than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Grassy Butte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grassy Butte 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 Grassy Butte's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58634 zip code has the highest median property tax rate of 0.49%, while the 58634 zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Grassy Butte provides valuable insights into the varying tax landscape across McKenzie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grassy Butte Tax Rate
0.49%
Average Mckenzie County Tax Rate
0.83%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grassy Butte, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58634 | 0.49% | 0.49% | 0.49% | 0.49% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Grassy Butte, North Dakota
In Grassy Butte, 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 McKenzie 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 Grassy Butte, 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 Grassy Butte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 58634 has both the highest and lowest median tax bill, recorded at $844.
Property Tax Assessment Values Across Grassy Butte, North Dakota
Source: Ownwell
$82,060
$144,653
$207,245
Average Grassy Butte Assessed Value
$172,660
Average Mckenzie County Assessed Value
$163,270
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grassy Butte, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58634 | $84,915 | $122,282 | $172,660 | $232,270 | $316,005 |
Source: Ownwell
Property Tax Bills Across Grassy Butte, North Dakota
In Grassy Butte, McKenzie County, ND, property tax bills are calculated based on the assessed value of a home and the local tax rate. The local tax rate in McKenzie County is 0.49%, significantly lower than the national median property tax rate of 0.99%. For a median home price of $172,660, homeowners can expect to pay an annual property tax bill of around $844. This amount can vary, with the 25th percentile paying about $599 and the 75th percentile paying approximately $1,135. At the 90th percentile, the tax bill can rise to $1,545. These figures illustrate how property taxes in Grassy Butte are relatively low compared to other regions, making it an attractive location for homeowners. The assessed value of the property and the local tax rate are the primary factors determining the tax bill, directly impacting homeowners' annual financial commitments.
Average Grassy Butte Tax Bill
$844
Average Mckenzie County Tax Bill
$1,120
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Grassy Butte, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58634 | $416 | $599 | $844 | $1,135 | $1,545 |
Source: Ownwell