Nelson County, North Dakota Property Taxes
The median property tax rate in Nelson County is 1.45%, which is significantly higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Nelson County, the typical annual property tax bill reaches $558, which is well below the national median of $2,690. Property taxes in Nelson County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Nelson County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Lakota or another part of Nelson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nelson County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$481
$446
Ownwell’s Nelson County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Nelson County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Nelson County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Nelson County, North Dakota
Property taxes in Nelson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Nelson County is 1.45%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Nelson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Nelson County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of McVille has one of the higher property tax rates in North Dakota at 1.57%, while the city of Pekin boasts one of the lowest at 1.01%. Analyzing how Nelson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Nelson County Tax Rate
1.45%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Nelson County, North Dakota
In Nelson County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Nelson County Appraisal District. The assessed value, however, 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. Assessment notices in Nelson County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Nelson County’s highest median tax bill is in Aneta at $1,211, while Pekin has the lowest at $162. Being aware of these valuation processes in Nelson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Nelson County, North Dakota
Source: Ownwell
$93,332
$93,332
$93,332
Average Nelson County Assessed Value
$33,165
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nelson County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aneta | N/A | N/A | N/A | N/A | N/A |
| Lakota | $10,708 | $26,207 | $93,332 | $99,960 | $102,582 |
| Mcville | N/A | N/A | N/A | N/A | N/A |
| Michigan | N/A | N/A | N/A | N/A | N/A |
| Pekin | N/A | N/A | N/A | N/A | N/A |
| Tolna | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Nelson County, North Dakota
In Nelson County, ND, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Local tax rates, known as mill rates, are applied to this assessed value to determine the final tax bill. Several factors influence this calculation, including the property's location, size, and any applicable exemptions or deductions. For homeowners in Nelson County, the median home price is $33,165, resulting in varying tax bills. For instance, the 25th percentile tax bill is $264, while the 75th percentile tax bill reaches $1,410. The highest median tax bill is found in Aneta at $1,211, contrasting sharply with Pekin's lowest median tax bill of $162. Understanding these differences is crucial for homeowners as they plan their finances. Comparatively, Nelson County's property tax rates can significantly impact homeowners, especially when contrasted with the national median property tax rate of 0.99%. This variation highlights the importance of local tax policies and assessments in shaping the financial landscape for property owners.
Average Nelson County Tax Bill
$558
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690