Wolford, North Dakota Property Taxes
The median property tax rate in Wolford, ND is 1.15%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With the median home value in Wolford at $22,260, the typical annual property tax bill is $342, significantly lower than the national median of $2,690. Property taxes in Wolford are calculated based on the assessed value, which is often below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Wolford'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 Wolford or another part of Pierce County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wolford, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$256
$238
Ownwell’s Wolford Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Wolford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wolford to provide an estimate of your property tax bill. This valuable 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 Wolford, North Dakota
Property taxes in Wolford, ND, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wolford is 1.05%, higher than both the North Dakota state median of 0.98% and the U.S. national median of 0.99%. Local government entities within Wolford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wolford 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 Wolford's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58385 zip code has the highest median property tax rate of 1.05%, while the same 58385 zip code also has the lowest median tax rate of 1.05%. Understanding how these areas compare with Wolford provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wolford Tax Rate
1.15%
Average Pierce County Tax Rate
1.45%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wolford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58385 | 1.02% | 1.07% | 1.15% | 1.23% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Wolford, North Dakota
In Wolford, 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 local 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 Wolford, 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 Wolford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Wolford is $22,260, with the highest median tax bill of $342 and the lowest median tax bill also at $342, both in the zip code 58385.
Average Wolford Assessed Value
$22,260
Average Pierce County Assessed Value
$33,490
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wolford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58385 | $4,452 | $11,130 | $22,260 | $32,716 | $38,990 |
Source: Ownwell
Property Tax Bills Across Wolford, North Dakota
In Wolford, located in Pierce County, ND, property tax bills are calculated based on the assessed value of a home, which is often a fraction of its market value. The median home price in Wolford is $22,260, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax amount. For example, homeowners in Wolford typically see tax bills ranging from $317 at the 25th percentile to $408 at the 90th percentile. The median tax bill in the area is $342, which provides a benchmark for what most homeowners can expect to pay. This is significantly lower than the national median property tax rate of 0.99%, making Wolford an attractive location for those looking to minimize their property tax burden. Understanding these factors can help homeowners anticipate their annual expenses and plan their finances accordingly.
Average Wolford Tax Bill
$342
Average Pierce County Tax Bill
$894
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Wolford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58385 | $303 | $317 | $342 | $383 | $408 |
Source: Ownwell