Burlington, North Dakota Property Taxes
The median property tax rate in Burlington, ND is 1.24%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With the median home value in Burlington at $205,000, the typical annual property tax bill reaches $2,338, which is below the national median of $2,690. Property taxes in Burlington are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Burlington'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 Burlington 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
Burlington, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$2,542
$2,359
Ownwell’s Burlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burlington 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 Burlington, North Dakota
Property taxes in Burlington, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burlington is 1.24%, notably higher than the U.S. national median of 0.99%. Local government entities within Burlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burlington 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. Understanding how Burlington's effective property tax rate compares to other areas 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 regions.
Average Burlington Tax Rate
1.24%
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 Burlington, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58722 | 0.95% | 0.97% | 1.24% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Burlington, North Dakota
In Burlington, 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 Burlington, 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. The median home price in Burlington is $205,000, with tax bills ranging from $1,748 at the 25th percentile to $4,950 at the 90th percentile. The zip code with the highest and lowest median tax bill is 58722, both at $2,338. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Burlington, North Dakota
Source: Ownwell
$83,000
$188,000
$293,000
Average Burlington Assessed Value
$205,000
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 Burlington, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58722 | $94,400 | $154,500 | $205,000 | $321,500 | $437,600 |
Source: Ownwell
Property Tax Bills Across Burlington, North Dakota
In Burlington, Ward County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $205,000, homeowners can expect to pay a property tax bill that varies significantly depending on the value of their property. The tax bill for the 25th percentile is approximately $1,748, while the 75th percentile sees a tax bill around $3,426. At the 90th percentile, the tax bill can reach up to $4,950. Several factors influence the tax bill, including the home's market value, any applicable exemptions, and local tax rates. These property taxes can significantly impact homeowners, affecting their annual budgeting and long-term financial planning. Compared to the national median property tax rate of 0.99%, Burlington's property tax rate results in varied tax bills, highlighting the importance of understanding local tax assessments and rates.
Average Burlington Tax Bill
$2,338
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 Burlington, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58722 | $622 | $1,748 | $2,338 | $3,426 | $4,950 |
Source: Ownwell