Towner County, North Dakota Property Taxes
The median property tax rate in Towner County is 1.52%, which is 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 Towner County, the typical annual property tax bill reaches $453, which is well below the national median of $2,690. Property taxes in Towner County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Towner County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Cando or another part of Towner County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Towner County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$504
$468
Ownwell’s Towner County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Towner County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Towner County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Towner County, North Dakota
Property taxes in Towner County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Towner County is 1.52%, which is higher than the U.S. national median of 0.99%. Local government entities within Towner County set these rates annually, and they can vary significantly between different areas within the county. Each year, Towner County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Towner County's effective property tax rate with other areas and the national median. For comparison, the city of Rocklake has one of the higher property tax rates in the region at 1.54%, while the city of Bisbee boasts one of the lowest at 0.90%. Analyzing how Towner County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Towner County Tax Rate
1.52%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Towner County, North Dakota
In Towner County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Towner County Appraisal District. The assessed value, however, 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 Towner County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Towner County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Cities in Towner County like Perth have the highest median tax bill at $1,406, while Bisbee has the lowest at $232.
Property Tax Assessment Values Across Towner County, North Dakota
Source: Ownwell
$31,300
$47,500
$63,700
Average Towner County Assessed Value
$33,175
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Bills Across Towner County, North Dakota
In Towner County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is a percentage of the market value of the property. Various factors, including property size, location, and improvements, influence this assessed value. The median home price in Towner County is $33,175, and property tax rates are applied to this assessed value to determine the tax bill. For homeowners in Towner County, tax bills can vary significantly. The 25th percentile tax bill is $102, whereas the 75th percentile reaches $980, and the 90th percentile climbs to $1,476. This range indicates the variability in property values and assessments within the county. Perth has the highest median tax bill at $1,406, contrasting sharply with Bisbee, where the lowest median tax bill is $232. These tax bills directly impact homeowners' finances, influencing their annual budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, Towner County's rates offer a diverse range of tax obligations.
Average Towner County Tax Bill
$453
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690