Woodworth, North Dakota Property Taxes
The median property tax rate in Woodworth, ND is 1.09%, slightly higher than the national median of 0.99% but lower than North Dakota's state median of 1.30%. With the median home value in Woodworth at $41,000, the typical annual property tax bill is $341, which is significantly below the national median of $2,690. Property taxes in Woodworth are determined based on the tax assessed value, which is usually less than the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Woodworth'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 Woodworth or another part of the city, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Woodworth, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$447
Ownwell’s Woodworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodworth 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 Woodworth, North Dakota
Property taxes in Woodworth, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodworth is 1.09%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Woodworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodworth 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 Woodworth's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58496 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Woodworth 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 Woodworth Tax Rate
1.09%
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 Woodworth, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58496 | 0.89% | 0.98% | 1.09% | 1.18% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Woodworth, North Dakota
In Woodworth, 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 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 Woodworth, 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 Woodworth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Woodworth, the highest and lowest median tax bill is $341.00 in the 58496 zip code. Understanding these figures allows homeowners to better anticipate their annual tax obligations and explore potential savings.
Average Woodworth Assessed Value
$41,000
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 Woodworth, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58496 | $16,640 | $24,800 | $41,000 | $51,800 | $131,393 |
Source: Ownwell
Property Tax Bills Across Woodworth, North Dakota
In Woodworth, located in Stutsman County, ND, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value and applies an assessment ratio. Homeowners in Woodworth can expect property tax bills to vary significantly based on their property's value and location within the city. For instance, the median home price in Woodworth is $41,000, and the tax bills range from $270 at the 25th percentile to $649 at the 75th percentile, with the 90th percentile reaching up to $1,345. These figures highlight the variability in tax bills, influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Woodworth's property taxes can be relatively modest. However, the tax burden can still impact homeowners, affecting their overall cost of living and financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Woodworth Tax Bill
$341
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 Woodworth, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58496 | $187 | $270 | $341 | $649 | $1,345 |
Source: Ownwell