Hillsboro, North Dakota Property Taxes
The median property tax rate in Hillsboro, ND is 1.36%, significantly higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $90,200 in Hillsboro, the typical annual property tax bill is $1,271, which is below the national median of $2,690. Property taxes in Hillsboro are calculated based on the assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Hillsboro'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 Hillsboro or another part of Traill County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hillsboro, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$1,227
$1,138
Ownwell’s Hillsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hillsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hillsboro 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 Hillsboro, North Dakota
Property taxes in Hillsboro, 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 Hillsboro is 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hillsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillsboro 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 Hillsboro's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58045 zip code has the highest median property tax rate of 1.36%, while the same zip code also has the lowest median tax rate of 1.36%. Understanding how these cities compare with Hillsboro provides valuable insights into the varying tax landscape across Traill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hillsboro Tax Rate
1.36%
Average Traill County Tax Rate
1.53%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillsboro, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58045 | 1.36% | 1.36% | 1.36% | 1.36% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Hillsboro, North Dakota
In Hillsboro, 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 local 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 Hillsboro, 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 Hillsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1271.00 in the 58045 zip code.
Average Hillsboro Assessed Value
$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 Assessment Values Across Hillsboro, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58045 | $47,380 | $73,700 | $90,200 | $189,100 | $303,186 |
Source: Ownwell
Property Tax Bills Across Hillsboro, North Dakota
In Hillsboro, located in Traill County, ND, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is a percentage of the property's market value, which in Hillsboro, is influenced by various factors including property size, location, and improvements. For example, with a median home price of $90,200, homeowners can expect their tax bills to vary significantly. The tax bill for the 25th percentile stands at $1,004, while it rises to $3,117 at the 75th percentile, and reaches $4,222 at the 90th percentile. These figures highlight the range of property tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, Hillsboro's rates reflect the local economic conditions and funding needs for public services. For homeowners, understanding these factors is crucial as property taxes can significantly impact annual financial planning. Accurate assessments ensure fair taxation, which supports community infrastructure and services.
Average Hillsboro Tax Bill
$1,271
Average Traill County Tax Bill
$1,173
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillsboro, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58045 | $808 | $1,004 | $1,271 | $3,117 | $4,222 |
Source: Ownwell