Medina, North Dakota Property Taxes
The median property tax rate in Medina, ND is 1.86%, significantly higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Medina, the typical annual property tax bill reaches $538, which is notably below the national median of $2,690. Property taxes in Medina are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Medina'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 Medina or another part of Stutsman County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Medina, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$399
Ownwell’s Medina Property Tax Bill Calculator assists homeowners, real estate investors, or potential buyers in estimating their annual property taxes in Medina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Medina 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 Medina, North Dakota
Property taxes in Medina, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Medina is 1.86%, significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Medina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Medina 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 Medina's effective property tax rate to other areas in North Dakota and the national median. For comparison, the highest median property tax rate in Stutsman County is also 1.86%, while the lowest is similarly 1.86%. Understanding how these areas compare with Medina provides valuable insights into the varying tax landscape across Stutsman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Medina Tax Rate
1.86%
Average Stutsman County Tax Rate
1.45%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Medina, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58467 | 0.90% | 0.99% | 1.86% | 3.80% | 9.93% |
Source: Ownwell
Property Tax Assessment Values Across Medina, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Medina, 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 Stutsman 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 Medina, 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. For instance, the zip code 58467 has the highest and lowest median tax bill at $538. Being aware of these valuation processes in Medina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Medina Assessed Value
$21,450
Average Stutsman County Assessed Value
$99,515
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Medina, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58467 | $2,010 | $9,075 | $21,450 | $35,229 | $173,888 |
Source: Ownwell
Property Tax Bills Across Medina, North Dakota
In Medina, located in Stutsman County, ND, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Medina is $21,450. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies within the region. Several factors influence the final tax bill, including property size, location, and improvements made to the property. Homeowners in Medina can expect their property tax bills to range significantly. For instance, the 25th percentile tax bill is $348, while the 75th percentile reaches $1,307, and the 90th percentile can be as high as $1,882. The highest median tax bill recorded in the area is $538, which is also the lowest median tax bill, indicating a level of consistency in this specific zip code, 58467. Compared to the national median property tax rate of 0.99%, Medina’s tax rates can be more manageable for homeowners, but they still represent a significant annual expense that can impact household budgets.
Average Medina Tax Bill
$538
Average Stutsman County Tax Bill
$1,456
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Medina, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58467 | $191 | $348 | $538 | $1,307 | $1,882 |
Source: Ownwell