Mayville, North Dakota Property Taxes
The median property tax rate in Mayville, ND is 1.80%, considerably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Mayville being $63,738, the typical annual property tax bill reaches $1,129, exceeding the national median of $2,690. Property taxes in Mayville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mayville'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 Mayville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mayville, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$1,147
$1,065
Ownwell’s Mayville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mayville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mayville 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 Mayville, North Dakota
Property taxes in Mayville, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mayville is 1.80%, significantly higher than the U.S. national median of 0.99%. Local government entities within Mayville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mayville 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 Mayville's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58257 zip code has the highest median property tax rate of 1.80%, while the same zip code also has the lowest median tax rate of 1.80%. Understanding how these areas compare with Mayville 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 Mayville Tax Rate
1.80%
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 Mayville, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58257 | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Mayville, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mayville, 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 Traill 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. 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 Mayville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 58257 has the highest median tax bill at $1,129, which is also the lowest median tax bill in the area.
Average Mayville Assessed Value
$63,738
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 Mayville, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58257 | $25,310 | $38,498 | $63,738 | $77,506 | $194,891 |
Source: Ownwell
Property Tax Bills Across Mayville, North Dakota
In Mayville, located in Traill County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Mayville is $63,738, and property taxes are calculated by applying the local tax rate to this assessed value. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For homeowners in Mayville, the 25th percentile tax bill is $602, while the 75th percentile tax bill reaches $1,492. At the 90th percentile, property tax bills can climb to $3,658. These figures highlight the variability in property tax bills, which can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, Mayville's tax rates provide a crucial context for homeowners to understand their financial obligations. By comprehending how these taxes are calculated and the factors involved, homeowners can better manage their expenses and potentially seek exemptions to reduce their tax burden.
Average Mayville Tax Bill
$1,129
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 Mayville, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58257 | $447 | $602 | $1,129 | $1,492 | $3,658 |
Source: Ownwell