Beulah, Mercer County, North Dakota Property Taxes
The median property tax rate in Beulah, ND is 0.59%, considerably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Beulah, the typical annual property tax bill reaches $1,117, well below the national median of $2,690. Property taxes in Beulah are calculated based on the tax-assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Beulah'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 Beulah or another part of Mercer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beulah, Mercer County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$1,156
$1,073
Ownwell’s Beulah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beulah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beulah 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 Beulah, Mercer County, North Dakota
Property taxes in Beulah, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beulah is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Beulah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beulah 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 Beulah's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58523 zip code has the highest median property tax rate of 0.59%, while it also has the lowest median tax rate of 0.59%. Understanding how these areas compare with Beulah provides valuable insights into the varying tax landscape across Mercer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beulah Tax Rate
0.59%
Average Mercer County Tax Rate
0.56%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beulah, Mercer County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58523 | 0.19% | 0.51% | 0.59% | 0.70% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Beulah, Mercer County, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Beulah, 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 Mercer 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 Beulah, 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 Beulah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Mercer County, the median home price is $195,925. The 25th percentile tax bill is $387, while the 75th percentile tax bill is $1,611, and the 90th percentile tax bill is $2,172. The highest and lowest median tax bills are both $1,117 in the 58523 zip code.
Property Tax Assessment Values Across Beulah, Mercer County, North Dakota
Source: Ownwell
$163,275
$197,064
$230,852
Average Beulah Assessed Value
$195,925
Average Mercer County Assessed Value
$185,507
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beulah, Mercer County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58523 | $43,210 | $71,703 | $195,925 | $274,705 | $340,609 |
Source: Ownwell
Property Tax Bills Across Beulah, Mercer County, North Dakota
In Beulah, located in Mercer County, ND, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio. This assessed value is then multiplied by the local tax rate to calculate the tax bill. Homeowners in Beulah typically see a range of tax bills. For instance, those in the 25th percentile might pay around $387, while those in the 75th percentile could see bills as high as $1,611. At the 90th percentile, tax bills can reach up to $2,172. These variances are influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Beulah's property tax bills can be considered moderate. Understanding these factors helps homeowners anticipate their tax responsibilities and manage their finances more effectively.
Average Beulah Tax Bill
$1,117
Average Mercer County Tax Bill
$938
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Beulah, Mercer County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58523 | $54 | $387 | $1,117 | $1,611 | $2,172 |
Source: Ownwell