Butte, North Dakota Property Taxes
The median property tax rate in Butte, North Dakota 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 $39,900 in Butte, the typical annual property tax bill is around $348, significantly below the national median of $2,690. Property taxes in Butte are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding 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 Butte or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Butte, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$347
$322
Ownwell’s Butte Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a quick way to estimate their annual property taxes in Butte with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Butte to provide an accurate estimate of your property tax bill. This valuable tool helps you gain a clear understanding of your potential tax liabilities. For those interested in more detailed insights, you can explore trends at a neighborhood level by scrolling down. Your property’s assessed value is determined by McLean County for tax purposes, incorporating any applicable exemptions.
Property Tax Rates Across Butte, North Dakota
Property taxes in Butte, North Dakota, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Butte is 1.21%, significantly higher than both the North Dakota state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Butte set these rates annually, and they can vary significantly across different neighborhoods. Each year, 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 Butte's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58723 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Butte provides valuable insights into the varying tax landscape across McLean County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Butte Tax Rate
0.87%
Average Mclean County Tax Rate
1.12%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Butte, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58723 | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Butte, North Dakota
In 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 local appraisal authorities 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 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 Butte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 58723 has the highest and lowest median tax bill, both at $348, highlighting the uniformity in property tax bills across the area.
Average Butte Assessed Value
$39,900
Average Mclean County Assessed Value
$136,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Butte, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58723 | $39,900 | $39,900 | $39,900 | $39,900 | $39,900 |
Source: Ownwell
Property Tax Bills Across Butte, North Dakota
In Butte, located in McLean County, ND, property tax bills are calculated based on the assessed value of the property rather than its market value. The assessed value is determined by local assessors who evaluate various factors, including the property's size, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Butte, the median home price is $39,900, and the property tax bill is consistently $348, regardless of the home's position within the 25th, 75th, or 90th percentiles. This uniformity in tax bills simplifies budgeting for homeowners, providing a predictable expense each year. When compared to the national median property tax rate of 0.99%, Butte's property tax rate is relatively lower, making it a more affordable option for homeowners. The lower tax burden can significantly impact homeowners by reducing their overall housing costs, thereby making homeownership more accessible and financially manageable.
Average Butte Tax Bill
$348
Average Mclean County Tax Bill
$1,469
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Butte, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58723 | $348 | $348 | $348 | $348 | $348 |
Source: Ownwell