Mohall, North Dakota Property Taxes
The median property tax rate in Mohall, ND is 1.38%, 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 Mohall at $89,930, the typical annual property tax bill reaches $1,095, which is below the national median of $2,690. Property taxes in Mohall 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 Mohall'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 Mohall 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
Mohall, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$1,241
$1,152
Ownwell’s Mohall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mohall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mohall 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 Mohall, North Dakota
Property taxes in Mohall, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mohall is 1.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within Mohall set these rates annually, and they can vary across different neighborhoods. Each year, Mohall 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 Mohall's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58761 has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these areas compare with Mohall 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 Mohall Tax Rate
1.38%
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 Mohall, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58761 | 0.80% | 1.38% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Mohall, North Dakota
In Mohall, 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 Mohall, 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 Mohall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Mohall is $1,095, and the lowest median tax bill is also $1,095, both in zip code 58761.
Average Mohall Assessed Value
$89,930
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 Mohall, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58761 | $19,380 | $46,350 | $89,930 | $134,960 | $184,478 |
Source: Ownwell
Property Tax Bills Across Mohall, North Dakota
In Mohall, located in Renville County, ND, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the market value of the property. For instance, with a median home price of $89,930, homeowners can expect their tax bill to vary significantly. Factors influencing the tax bill include property characteristics, market trends, and applicable exemptions. The tax bill for the 25th percentile is around $542, while those in the 75th percentile face bills as high as $1,744. At the 90th percentile, the tax bill can reach up to $2,461. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the overall quality of life in the community. Compared to the national median property tax rate of 0.99%, Mohall's property taxes can be relatively moderate, offering a balance between affordability and community benefits.
Average Mohall Tax Bill
$1,095
Average Renville County Tax Bill
$701
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Mohall, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58761 | $200 | $542 | $1,095 | $1,744 | $2,461 |
Source: Ownwell