Traill County, North Dakota Property Taxes
The median property tax rate in Traill County is 1.53%, 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 Traill County at $75,500, the typical annual property tax bill reaches $1,173, which remains below the national median of $2,690. Property taxes in Traill 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 Traill 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 Mayville or another part of Traill County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Traill County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$1,155
$1,072
Ownwell’s Traill County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Traill County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Traill 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 Traill County, North Dakota
Property taxes in Traill County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Traill County is 1.53%, which is higher than the U.S. national median of 0.99%. Local government entities within Traill County set these rates annually, and they can vary significantly between different areas within the county. Each year, Traill 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 Traill County's effective property tax rate with other areas and the national median. For comparison, the city of Mayville has one of the higher property tax rates in the region at 1.80%, while the city of Buxton boasts one of the lowest at 1.01%. Analyzing how Traill County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Traill County Tax Rate
1.53%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Traill County, North Dakota
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Traill County, ND. 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 Traill 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 Traill 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. For instance, Hillsboro has the highest median tax bill at $1,271, while Galesburg has the lowest at $403. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Traill County, North Dakota
Source: Ownwell
$63,738
$76,969
$90,200
Average Traill County Assessed Value
$75,500
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Bills Across Traill County, North Dakota
In Traill County, ND, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value determined by county assessors. Homeowners in Traill County can expect their tax bills to vary significantly depending on several factors, including property location, size, and local tax rates. For instance, the median home price in Traill County is $75,500, and tax bills range widely. At the 25th percentile, tax bills are around $724, while at the 75th percentile, they rise to $2,599. The 90th percentile sees tax bills as high as $4,244. Hillsboro, within the county, has the highest median tax bill at $1,271, whereas Galesburg has the lowest at $403. These variations highlight the impact of property location and assessed value on tax bills. Compared to the national median property tax rate of 0.99%, homeowners in Traill County may experience a range of tax obligations, affecting their annual financial planning.
Average Traill County Tax Bill
$1,173
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690