Watford City, Mckenzie County, North Dakota Property Taxes
Median Watford City, ND effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Watford City, ND home value: $167,945
Median annual Watford City, ND tax bill: $1,177, $1,223 lower than the national median property tax bill of $2,400.
How are property taxes in McKenzie calculated?
Property taxes in Watford City, ND are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Watford City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Watford City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Watford City, Mckenzie County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$1,394
$1,294
Property Tax Rates Across Watford City, Mckenzie County, North Dakota
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This variation occurs because each county annually calculates its necessary budget for providing services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is essentially how the process unfolds each year.
In Watford City, located in McKenzie County, the effective property tax rate is a reflection of this annual calculation. Compared to other cities in North Dakota, Watford City's tax rate is consistent with the state's median property tax rate. When looking at the national landscape, North Dakota's median property tax rate is lower than the national median of 1.02%. This can be advantageous for property owners in Watford City, as they may benefit from relatively lower property tax bills compared to the national median property tax bill of $2,400. Understanding these rates can help property owners make informed decisions about their investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Watford City Taxx Rate
0.83%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mckenzie County Taxx Rate
0.83%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Watford City, Mckenzie County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58854 | 0.49% | 0.54% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Watford City, Mckenzie County, North Dakota
When examining property taxes in Watford City, ND, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The McKenzie County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In McKenzie County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Watford City. For example, the median home price in Watford City is $167,945, with tax bills ranging significantly across the county. Zip code 58854 has the highest median home price at $167,945.
Property Tax Assessment Values Across Watford City, Mckenzie County, North Dakota
Source: Ownwell
$100,330
$153,788
$207,245
Median Watford City Market Value
$167,945
Median Mckenzie County Market Value
$163,270
Median North Dakota Market Value
$217,800
Median United States Market Value
$244,900
Property Tax Assessment Values Across Watford City, Mckenzie County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58854 | $75,959 | $129,742 | $167,945 | $235,715 | $315,169 |
Source: Ownwell
Property Tax Bills Across Watford City, Mckenzie County, North Dakota
Median Watford City Tax Bill
$1,177
Median Mckenzie County Tax Bill
$1,120
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,690
Property Tax Bills Across Watford City, Mckenzie County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58854 | $538 | $985 | $1,177 | $1,728 | $2,173 |
Source: Ownwell