Wilton, North Dakota Property Taxes
The median property tax rate in Wilton, ND is 1.26%, slightly higher than the national median of 0.99% but below North Dakota's state median of 1.30%. With the median home value in Wilton at $152,650, the typical annual property tax bill amounts to $1,852, which is lower than the national median of $2,690. Property taxes in Wilton are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Wilton'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 Wilton 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
Wilton, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,923
Ownwell’s Wilton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Wilton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilton 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 McLean County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Wilton, North Dakota
Property taxes in Wilton, North Dakota, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Wilton is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Wilton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilton 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 Wilton's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58579 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these figures compare with Wilton 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 Wilton Tax Rate
1.26%
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 Wilton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58579 | 0.91% | 1.26% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Wilton, North Dakota
In Wilton, 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 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 Wilton, 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 Wilton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 58579, with a tax bill of $1,852.
Average Wilton Assessed Value
$152,650
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 Wilton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58579 | $57,740 | $101,775 | $152,650 | $203,450 | $270,840 |
Source: Ownwell
Property Tax Bills Across Wilton, North Dakota
In Wilton, located in McLean County, ND, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Wilton is $152,650. Property taxes are then determined by applying the local tax rate to this assessed value. Various factors influence the final tax bill, including the property’s location, size, and any applicable exemptions or deductions. For homeowners in Wilton, the 25th percentile tax bill is around $1,199, while those at the 75th percentile can expect to pay approximately $2,448. The highest median tax bill in the area is $1,852, which is significantly below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in Wilton compared to other parts of the country. Understanding these factors helps homeowners anticipate their annual property tax expenses and manage their budgets more effectively.
Average Wilton Tax Bill
$1,852
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 Wilton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58579 | $633 | $1,199 | $1,852 | $2,448 | $3,060 |
Source: Ownwell