Oliver County, North Dakota Property Taxes
The median property tax rate in Oliver County is 0.70%, which is significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $137,505 in Oliver County, the typical annual property tax bill is approximately $1,042, far below the national median of $2,690. Property taxes in Oliver County are calculated based on the tax assessed value, which usually falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Oliver 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 Center or another part of Oliver County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oliver County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$963
$893
Ownwell’s Oliver County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Oliver County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Oliver 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 Oliver County, North Dakota
Property taxes in Oliver County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Oliver County is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Oliver County set these rates annually, and they can vary significantly between different areas within the county. Each year, Oliver 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. The following data compares Oliver County's effective property tax rate with other regions and the national median. For comparison, the city of Beulah has one of the higher property tax rates in the region at 0.75%, while the city of New Salem boasts one of the lowest at 0.68%. Analyzing how Oliver County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Oliver County Tax Rate
0.70%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Oliver County, North Dakota
In Oliver 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 Oliver 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 Oliver 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. Being aware of these valuation processes in Oliver County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Oliver County, Hensler has the highest median tax bill at $1,373, while Hazen has the lowest at $610.
Property Tax Assessment Values Across Oliver County, North Dakota
Source: Ownwell
$103,927
$148,116
$192,305
Average Oliver County Assessed Value
$137,505
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oliver County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beulah | $49,772 | $84,368 | $139,096 | $197,626 | $271,854 |
| Center | $31,349 | $87,132 | $155,741 | $235,109 | $301,631 |
| Hannover | N/A | N/A | N/A | N/A | N/A |
| Hazen | $18,262 | $65,471 | $103,927 | $195,019 | $250,995 |
| Hensler | $60,232 | $102,843 | $192,305 | $246,991 | $307,493 |
| New Salem | $49,255 | $61,513 | $127,511 | $169,808 | $236,562 |
| Stanton | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Oliver County, North Dakota
In Oliver 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. Several factors influence the tax bill, including the property's location, size, and any improvements made. For instance, homeowners in Hensler face the highest median tax bill in the county at $1,373, while those in Hazen enjoy the lowest at $610. The tax rate in Oliver County is applied to the assessed value to determine the total tax bill. Homeowners in the 25th percentile pay around $581, while those in the 75th percentile pay about $1,536. At the 90th percentile, the tax bill can reach up to $2,073. These property tax bills can significantly impact homeowners, influencing their monthly budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, Oliver County offers a relatively favorable tax environment for its residents.
Average Oliver County Tax Bill
$1,042
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690