Great Bend, North Dakota Property Taxes
The median property tax rate in Great Bend, ND is 1.52%, 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 Great Bend at $9,900, the typical annual property tax bill reaches $151, which is significantly lower than the national median of $2,690. Property taxes in Great Bend 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 Great Bend'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 Great Bend 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
Great Bend, 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 Great Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Great Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Great Bend 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 Great Bend, North Dakota
Property taxes in Great Bend, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Great Bend is 1.52%, significantly higher than the U.S. national median of 0.99%. Local government entities within Great Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Great Bend 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 Great Bend's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58075 zip code has both the highest and lowest median property tax rate of 1.52%. Understanding how these areas compare with Great Bend provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Great Bend Tax Rate
1.52%
Average Richland County Tax Rate
1.58%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Great Bend, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58075 | 1.52% | 1.52% | 1.52% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Great Bend, North Dakota
In Great Bend, 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 Richland 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. Assessment notices in Great Bend 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. For instance, the zip code 58075 has the highest and lowest median tax bill, both at $151, which is significantly lower than the national median property tax rate of 0.99%. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Great Bend Assessed Value
$9,900
Average Richland County Assessed Value
$121,100
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Great Bend, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58075 | $9,900 | $9,900 | $9,900 | $9,900 | $9,900 |
Source: Ownwell
Property Tax Bills Across Great Bend, North Dakota
In Great Bend, Richland County, ND, property tax bills are calculated based on the assessed value of the property. The median home price in this area is $9,900, significantly lower than the national median. Property taxes here are determined by multiplying the assessed value by the local tax rate. In Great Bend, the tax rate results in a median tax bill of $151, which is consistent across various percentiles. The assessed value considers factors such as property size, location, and market conditions. For homeowners, this means that even minor changes in these factors can impact their tax bills. Compared to the national median property tax rate of 0.99%, Great Bend's property taxes are relatively low, making it more affordable for homeowners. This low tax burden can be particularly beneficial for those on a fixed income or looking to maximize their investment in property.
Average Great Bend Tax Bill
$151
Average Richland County Tax Bill
$1,800
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Great Bend, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58075 | $151 | $151 | $151 | $151 | $151 |
Source: Ownwell