Wyndmere, North Dakota Property Taxes
The median property tax rate in Wyndmere, ND is 1.27%, slightly lower than the North Dakota state median of 1.30% but still above the national median of 0.99%. With a median home value of $37,100 in Wyndmere, the typical annual property tax bill comes to $419, which is significantly lower than the national median of $2,690. Property taxes in Wyndmere are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Wyndmere's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Wyndmere or another part of Richland County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wyndmere, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$471
$437
Ownwell’s Wyndmere Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wyndmere with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wyndmere 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 Wyndmere, North Dakota
Property taxes in Wyndmere, 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 Wyndmere is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Wyndmere set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wyndmere 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 Wyndmere's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58081 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Wyndmere 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 Wyndmere Tax Rate
1.27%
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 Wyndmere, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58081 | 1.01% | 1.15% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Wyndmere, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wyndmere, North Dakota. 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 Wyndmere, 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 Wyndmere helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $419, found in the zip code 58081.
Average Wyndmere Assessed Value
$37,100
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 Wyndmere, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58081 | $8,220 | $20,650 | $37,100 | $51,100 | $170,740 |
Source: Ownwell
Property Tax Bills Across Wyndmere, North Dakota
In Wyndmere, Richland County, ND, property tax bills are calculated based on the assessed value of your home. The median home price in Wyndmere is $37,100, which serves as a starting point for determining your tax bill. Local assessors evaluate properties to establish their assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. For homeowners, this means that changes in the real estate market or property enhancements can lead to fluctuations in their tax obligations. In Wyndmere, the property tax bills range significantly, with the 25th percentile at $235 and the 75th percentile at $648. At the 90th percentile, homeowners might see tax bills as high as $1,826. With the national median property tax rate at 0.99%, understanding how local factors impact your tax bill is crucial for effective financial planning and property investment decisions.
Average Wyndmere Tax Bill
$419
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 Wyndmere, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58081 | $104 | $235 | $419 | $648 | $1,826 |
Source: Ownwell