Hoople, North Dakota Property Taxes
The median property tax rate in Hoople, ND is 1.51%, 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 Hoople at $43,000, the typical annual property tax bill reaches $649, which is below the national median of $2,690. Property taxes in Hoople are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Hoople'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 Hoople or another part of Walsh County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hoople, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$649
$603
Ownwell’s Hoople Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hoople with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hoople 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 Hoople, North Dakota
Property taxes in Hoople, North Dakota, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Hoople is 1.51%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hoople set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hoople 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 Hoople's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58243 zip code has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Hoople provides valuable insights into the varying tax landscape across Walsh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hoople Tax Rate
1.51%
Average Walsh County Tax Rate
1.87%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hoople, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58243 | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Hoople, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hoople, 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 Walsh 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 Hoople, 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 Hoople helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 58243 has both the highest and lowest median tax bill, amounting to $649, which is notably higher than the national median property tax rate of 0.99%.
Average Hoople Assessed Value
$43,000
Average Walsh County Assessed Value
$50,800
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hoople, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58243 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 |
Source: Ownwell
Property Tax Bills Across Hoople, North Dakota
In Hoople, located in Walsh County, ND, property tax bills are calculated based on the assessed value of a home. The median home price in Hoople is $43,000, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the assessed value, including the property's market value and any improvements made to the home. Homeowners in Hoople can expect a median property tax bill of $649, which is consistent across the 25th, 75th, and 90th percentiles. This uniformity suggests a stable property tax environment in the area. Compared to the national median property tax rate of 0.99%, Hoople's property tax rate translates to a relatively modest tax burden for homeowners. This consistency in tax bills provides predictability for budgeting and financial planning, making it easier for homeowners to manage their expenses. Understanding these factors can help homeowners in Hoople better anticipate their property tax obligations and plan accordingly.
Average Hoople Tax Bill
$649
Average Walsh County Tax Bill
$926
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Hoople, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58243 | $649 | $649 | $649 | $649 | $649 |
Source: Ownwell