Mandan, North Dakota Property Taxes
The median property tax rate in Mandan, ND is 1.39%, notably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Mandan, the typical annual property tax bill reaches $2,551, slightly below the national median of $2,690. Property taxes in Mandan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mandan'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 Mandan or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mandan, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$2,576
$2,390
Ownwell’s Mandan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mandan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mandan to provide an accurate estimate of your property tax bill. This insightful tool is designed to help you understand potential tax liabilities better. For those interested in more detailed trends at a neighborhood level, further localized information is available by scrolling down. Your property’s assessed value, determined by Morton County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Mandan, North Dakota
Property taxes in Mandan, North Dakota, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mandan is 1.39%, significantly higher than the U.S. national median of 0.99%. Local government entities within Mandan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mandan 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 Mandan's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58554 zip code has both the highest and lowest median property tax rate of 1.39%. Understanding how these cities compare with Mandan provides valuable insights into the varying tax landscape across Morton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mandan Tax Rate
1.39%
Average Morton County Tax Rate
1.39%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mandan, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58554 | 0.94% | 1.34% | 1.39% | 1.47% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Mandan, North Dakota
In Mandan, 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 Morton 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 Mandan, 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 Mandan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Mandan are both $2551, with the zip code 58554.
Average Mandan Assessed Value
$185,300
Average Morton County Assessed Value
$182,900
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mandan, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58554 | $120,600 | $157,800 | $185,300 | $232,100 | $270,600 |
Source: Ownwell
Property Tax Bills Across Mandan, North Dakota
In Mandan, located in Morton County, ND, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is a percentage of the market value of the property. Homeowners in Mandan typically face a median property tax rate that is in line with the national average of 0.99%. For a median home price of $185,300, tax bills can vary significantly. For instance, the 25th percentile tax bill is around $1,908, while the 75th percentile tax bill reaches $3,126. At the higher end, the 90th percentile tax bill can be as much as $3,769. Several factors influence these taxes, including property improvements, neighborhood developments, and changes in market conditions. High property taxes can impact homeowners by increasing their monthly housing costs, potentially affecting affordability. Conversely, lower tax bills can make homeownership more accessible. Understanding these elements helps homeowners in Mandan better anticipate their annual property tax obligations.
Average Mandan Tax Bill
$2,551
Average Morton County Tax Bill
$2,526
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Mandan, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58554 | $1,067 | $1,908 | $2,551 | $3,126 | $3,769 |
Source: Ownwell