Berthold, North Dakota Property Taxes
The median property tax rate in Berthold, ND is 1.02%, slightly above the national median of 0.99% but lower than the North Dakota state median of 1.30%. With the median home value in Berthold at $186,000, the typical annual property tax bill amounts to $2,083, which is below the national median of $2,690. Property taxes in Berthold are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Berthold'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 Berthold 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
Berthold, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,897
$1,761
Ownwell’s Berthold Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Berthold. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Berthold to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities, allowing for better financial planning. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Remember, your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Berthold, North Dakota
Property taxes in Berthold, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Berthold is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Berthold set these rates annually, and they can vary significantly across different neighborhoods. Each year, Berthold 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 Berthold's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58718 has the highest median property tax rate of 1.02%, while it also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Berthold provides valuable insights into the varying tax landscape across Ward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Berthold Tax Rate
1.02%
Average Ward County Tax Rate
1.65%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Berthold, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58718 | 0.95% | 0.98% | 1.02% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Berthold, North Dakota
In Berthold, 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 Ward 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 Berthold, 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 Berthold helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Berthold is $186,000, with tax bills ranging from $1,071 at the 25th percentile to $3,586 at the 90th percentile. The highest and lowest median tax bill, both $2,083, are found in the 58718 zip code.
Average Berthold Assessed Value
$186,000
Average Ward County Assessed Value
$201,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Berthold, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58718 | $36,900 | $103,500 | $186,000 | $255,500 | $344,100 |
Source: Ownwell
Property Tax Bills Across Berthold, North Dakota
In Berthold, located in Ward County, ND, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and represents a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. Various factors influence the assessed value, including the size, location, and condition of the property. Additionally, any improvements or renovations can increase the assessed value, thereby raising the tax bill. For homeowners in Berthold, the median home price is $186,000, with tax bills ranging from $1,071 at the 25th percentile to $3,586 at the 90th percentile. The median tax bill in the area stands at $2,083, which is higher than the national median property tax rate of 0.99%. These property taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Berthold Tax Bill
$2,083
Average Ward County Tax Bill
$2,940
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Berthold, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58718 | $452 | $1,071 | $2,083 | $2,889 | $3,586 |
Source: Ownwell