Michigan, North Dakota Property Taxes
The median property tax rate in Michigan, ND is 1.50%, considerably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Michigan, the typical annual property tax bill reaches $427, which is significantly lower than the national median of $2,690. Property taxes in Michigan are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Michigan'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 Michigan 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
Michigan, 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 Michigan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Michigan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Michigan 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 Michigan, North Dakota
Property taxes in Michigan, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Michigan is 1.50%, significantly higher than the U.S. national median of 0.99%. Local government entities within Michigan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Michigan 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 Michigan's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58259 zip code has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these figures compare with Michigan provides valuable insights into the varying tax landscape across Nelson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Michigan Tax Rate
1.50%
Average Nelson County Tax Rate
1.45%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Michigan, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58259 | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Michigan, North Dakota
In Michigan, 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 Nelson 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 Michigan, 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. The median home price in Nelson County is $28,458, with tax bills ranging from $386 at the 25th percentile to $1,404 at the 90th percentile. The highest and lowest median tax bills in the area are both $427, found in the 58259 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Michigan Assessed Value
$28,458
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 Michigan, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58259 | $24,143 | $25,761 | $28,458 | $69,181 | $93,615 |
Source: Ownwell
Property Tax Bills Across Michigan, North Dakota
In Michigan, located in Nelson County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the market value of the property. Once the assessed value is established, a tax rate, often referred to as a mill rate, is applied. This rate is determined by local government budgets and the funding needs of public services such as schools, roads, and emergency services. For homeowners in Michigan, the median home price is $28,458. Property tax bills can vary significantly; the 25th percentile tax bill is $386, while the 75th percentile reaches $1,038, and the 90th percentile can go up to $1,404. These figures indicate that while some homeowners pay relatively low property taxes, others may face higher bills depending on the assessed value and local tax rates. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. Understanding these factors helps homeowners anticipate their property tax obligations and budget accordingly.
Average Michigan Tax Bill
$427
Average Nelson County Tax Bill
$558
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Michigan, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58259 | $362 | $386 | $427 | $1,038 | $1,404 |
Source: Ownwell