Glenburn, North Dakota Property Taxes
The median property tax rate in Glenburn, ND is 1.04%, 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 Glenburn, the typical annual property tax bill reaches $984, which is below the national median of $2,690. Property taxes in Glenburn 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 Glenburn'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 Glenburn 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
Glenburn, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,045
$969
Ownwell’s Glenburn Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Glenburn with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Glenburn to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in detailed trends at the neighborhood level, more localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Glenburn, North Dakota
Property taxes in Glenburn, 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 Glenburn is 1.04%, which is higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Glenburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenburn 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 Glenburn's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58740 has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Glenburn provides valuable insights into the varying tax landscape across Renville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glenburn Tax Rate
1.04%
Average Renville County Tax Rate
1.30%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenburn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58740 | 0.95% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Glenburn, North Dakota
In Glenburn, 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 Renville 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 Glenburn, 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 Glenburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 58740, both at $984.
Average Glenburn Assessed Value
$100,455
Average Renville County Assessed Value
$65,650
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glenburn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58740 | $37,690 | $70,268 | $100,455 | $142,955 | $193,955 |
Source: Ownwell
Property Tax Bills Across Glenburn, North Dakota
In Glenburn, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $100,455, homeowners in Glenburn can expect their property tax bill to vary significantly depending on the value of their home and the specific tax rate applied. Factors such as property size, location, and improvements can influence the assessed value. In Glenburn, the 25th percentile tax bill stands at $683, while the 75th percentile reaches $1,453, and the 90th percentile goes up to $1,940. These variations show how different property values and assessments can impact the overall tax burden on homeowners. Compared to the national median property tax rate of 0.99%, Glenburn's property tax landscape provides a range of tax bills that reflect the diverse nature of its real estate market.
Average Glenburn Tax Bill
$984
Average Renville County Tax Bill
$701
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenburn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58740 | $361 | $683 | $984 | $1,453 | $1,940 |
Source: Ownwell