Walhalla, North Dakota Property Taxes
The median property tax rate in Walhalla, ND is 1.35%, 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 Walhalla, the typical annual property tax bill reaches $1,000, which is lower than the national median of $2,690. Property taxes in Walhalla are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Walhalla'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 Walhalla 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
Walhalla, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,001
$929
Ownwell’s Walhalla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walhalla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walhalla 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 Walhalla, North Dakota
Property taxes in Walhalla, 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 Walhalla is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Walhalla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walhalla 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 Walhalla's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58282 zip code has both the highest and lowest median property tax rate of 1.35%. Understanding how these areas compare with Walhalla provides valuable insights into the varying tax landscape across Pembina County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Walhalla Tax Rate
1.35%
Average Pembina County Tax Rate
1.35%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walhalla, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58282 | 1.35% | 1.35% | 1.35% | 1.71% | 5.13% |
Source: Ownwell
Property Tax Assessment Values Across Walhalla, North Dakota
In Walhalla, 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 Pembina 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 Walhalla, 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 Walhalla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $1000, specifically in the 58282 zip code.
Average Walhalla Assessed Value
$74,164
Average Pembina County Assessed Value
$40,468
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Walhalla, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58282 | $24,007 | $58,653 | $74,164 | $88,532 | $114,633 |
Source: Ownwell
Property Tax Bills Across Walhalla, North Dakota
In Walhalla, located in Pembina County, ND, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is typically a percentage of the market value of your property, which is determined by the county assessor. For instance, with a median home price of $74,164, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $900, while those in the 75th percentile see bills of about $1,182. At the 90th percentile, the tax bill can reach up to $1,411. These figures are influenced by multiple factors, including the specific tax rates set by local taxing authorities and any exemptions or deductions for which a homeowner may qualify. Compared to the national median property tax rate of 0.99%, the property tax burden in Walhalla can be relatively manageable but still varies widely. This variability impacts homeowners differently, making it essential to understand how local assessments and tax rates apply to your specific property.
Average Walhalla Tax Bill
$1,000
Average Pembina County Tax Bill
$568
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Walhalla, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58282 | $867 | $900 | $1,000 | $1,182 | $1,411 |
Source: Ownwell