Hensler, North Dakota Property Taxes
The median property tax rate in Hensler, ND is 0.71%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Hensler at $192,305, the typical annual property tax bill amounts to $1,373, which is also below the national median of $2,690. Property taxes in Hensler are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hensler's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hensler 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
Hensler, 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 Hensler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hensler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hensler 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 Hensler, North Dakota
Property taxes in Hensler, 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 Hensler is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Hensler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hensler 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 Hensler's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58530 zip code has both the highest and lowest median property tax rate of 0.71%. Understanding how these areas compare with Hensler provides valuable insights into the varying tax landscape across Oliver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hensler Tax Rate
0.71%
Average Oliver County Tax Rate
0.70%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hensler, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58530 | 0.70% | 0.70% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Hensler, North Dakota
In Hensler, 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 Oliver 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 Hensler, 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 Hensler is $192,305, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $723, while the 75th percentile reaches $1,743, and the 90th percentile goes up to $2,165. The highest and lowest median tax bills both stand at $1,373 in the 58530 zip code. Understanding these valuation processes helps property owners identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hensler Assessed Value
$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 Hensler, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58530 | $60,232 | $102,843 | $192,305 | $246,991 | $307,493 |
Source: Ownwell
Property Tax Bills Across Hensler, North Dakota
In Hensler, property tax bills are determined by several key factors, starting with the assessed value of a home. This value is calculated based on the market value of the property, which in Hensler has a median home price of $192,305. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Hensler, the property tax bills can vary significantly. At the 25th percentile, homeowners pay around $723 annually, while those at the 75th percentile face tax bills of about $1,743. The top 10% of homeowners see tax bills as high as $2,165. These figures highlight the range of property tax burdens within the community, influenced by factors such as property size, location, and market conditions. Comparatively, the national median property tax rate is 0.99%, which can provide a benchmark for understanding Hensler's property tax landscape. Homeowners should be aware of these factors as they directly impact their annual financial obligations and the overall affordability of their homes.
Average Hensler Tax Bill
$1,373
Average Oliver County Tax Bill
$1,042
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Hensler, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58530 | $425 | $723 | $1,373 | $1,743 | $2,165 |
Source: Ownwell