Mantador, North Dakota Property Taxes
The median property tax rate in Mantador, ND is 1.17%, which is considerably 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 Mantador at $238,700, the typical annual property tax bill reaches $2,782, just under the national median of $2,690. Property taxes in Mantador 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 Mantador'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 Mantador 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
Mantador, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$2,793
Ownwell’s Mantador Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mantador with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mantador 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 Mantador, North Dakota
Property taxes in Mantador, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mantador is 1.17%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Mantador set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mantador 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 Mantador's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58058 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Mantador 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 Mantador Tax Rate
1.17%
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 Mantador, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58058 | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Mantador, North Dakota
In Mantador, 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. In Mantador, 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. The median home price in Mantador is $238,700, with the highest median tax bill at $2,782 in zip code 58058 and the lowest median tax bill also at $2,782 in the same zip code. 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 Mantador helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mantador Assessed Value
$238,700
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 Mantador, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58058 | $238,700 | $238,700 | $238,700 | $238,700 | $238,700 |
Source: Ownwell
Property Tax Bills Across Mantador, North Dakota
Property tax bills in Mantador, located in Richland County, ND, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the market value of the property. In Mantador, the median home price is $238,700, which serves as a benchmark for these assessments. Once the property’s assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Mantador, the median property tax bill is $2,782, which is notably higher than the national median property tax rate of 0.99%. This tax bill remains consistent across different percentiles, whether it’s the 25th, 75th, or 90th percentile, all pegged at $2,782. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting homeowners. A higher tax bill can mean better-funded services but also represents a significant financial consideration for property owners in the area.
Average Mantador Tax Bill
$2,782
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 Mantador, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58058 | $2,782 | $2,782 | $2,782 | $2,782 | $2,782 |
Source: Ownwell