Stanley, North Dakota Property Taxes
The median property tax rate in Stanley, ND is 0.81%, lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Stanley, the typical annual property tax bill reaches $1,461, substantially below the national median of $2,690. Property taxes in Stanley 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 Stanley'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 Stanley 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
Stanley, North Dakota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,600
Ownwell’s Stanley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanley 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 Stanley, North Dakota
Property taxes in Stanley, North Dakota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanley is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Stanley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanley 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 Stanley's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58784 within Stanley has both the highest and lowest median property tax rate of 0.81%. Understanding how these areas compare with Stanley provides valuable insights into the varying tax landscape across Mountrail County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanley Tax Rate
0.81%
Average Mountrail County Tax Rate
0.60%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanley, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58784 | 0.57% | 0.61% | 0.81% | 0.92% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Stanley, North Dakota
In Stanley, 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 Mountrail 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 Stanley, 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 Stanley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Stanley, both at $1,461, are found in the 58784 zip code.
Average Stanley Assessed Value
$180,900
Average Mountrail County Assessed Value
$139,300
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanley, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58784 | $72,200 | $116,450 | $180,900 | $209,250 | $257,400 |
Source: Ownwell
Property Tax Bills Across Stanley, North Dakota
In Stanley, ND, located in Mountrail County, property tax bills are calculated based on the assessed value of a home. The assessed value is derived from the market value, which is determined by the local assessor's office. Homeowners in Stanley can expect their property tax bills to vary significantly, with the 25th percentile at $759 and the 75th percentile reaching up to $2,033. The highest median tax bill in the area is $1,461, which is considerably higher than the national median property tax rate of 0.99%. Several factors influence these tax bills, including property size, location, and any improvements made to the home. These elements are crucial in determining the final assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners, understanding these components is essential as they directly impact the overall affordability and financial planning related to owning property in Stanley.
Average Stanley Tax Bill
$1,461
Average Mountrail County Tax Bill
$783
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanley, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58784 | $471 | $759 | $1,461 | $2,033 | $2,345 |
Source: Ownwell