Garrison, North Dakota Property Taxes
The median property tax rate in Garrison, ND is 1.04%, 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 Garrison at $165,950, the typical annual property tax bill amounts to $1,905, which is below the national median of $2,690. Property taxes in Garrison are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Garrison'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 Garrison or another part of McLean County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garrison, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,726
Ownwell’s Garrison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garrison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garrison 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 Garrison, North Dakota
Property taxes in Garrison, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garrison is 1.04%, higher than both the North Dakota state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Garrison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garrison 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 Garrison's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58540 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Garrison 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 Garrison Tax Rate
1.04%
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 Garrison, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58540 | 0.97% | 0.97% | 1.04% | 1.36% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Garrison, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Garrison, ND. 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 McLean 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 Garrison, 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. The median home price in Garrison is $165,950, with tax bills ranging from $1,070 at the 25th percentile to $3,566 at the 90th percentile. The highest and lowest median tax bills are both $1,905, found in zip code 58540. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Garrison Assessed Value
$165,950
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 Garrison, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58540 | $44,600 | $92,825 | $165,950 | $245,775 | $340,780 |
Source: Ownwell
Property Tax Bills Across Garrison, North Dakota
In Garrison, McLean County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This value is typically a percentage of the property's market value. Various factors, such as the home's size, age, location, and condition, are considered in this assessment. Once the assessed value is established, the local tax rate, also known as the mill rate, is applied to calculate the property tax bill. For homeowners in Garrison, the median home price is $165,950. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,070 and the 75th percentile reaching $2,686. At the 90th percentile, homeowners might pay as much as $3,566. These figures highlight the range of property tax obligations in the area, which can impact household budgets. Comparatively, the national median property tax rate is 0.99%, providing a benchmark for understanding local tax burdens.
Average Garrison Tax Bill
$1,905
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 Garrison, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58540 | $507 | $1,070 | $1,905 | $2,686 | $3,566 |
Source: Ownwell