Glenburn, North Dakota Property Taxes
The median property tax rate in Glenburn, ND is 0.78%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Glenburn at $195,500, the typical annual property tax bill is $1,497, which is below the national median of $2,690. Property taxes in Glenburn 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 Glenburn'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 Glenburn 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
Glenburn, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$1,525
$1,415
Ownwell’s Glenburn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenburn 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 Glenburn, North Dakota
Property taxes in Glenburn, 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 Glenburn stands at 1.15%, significantly higher than both the North Dakota state median of 0.98% and the U.S. national median of 0.99%. Local government entities within Glenburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenburn 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 Glenburn's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58740 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Glenburn 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 Glenburn Tax Rate
0.78%
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 Glenburn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58740 | 0.33% | 0.76% | 0.78% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Glenburn, North Dakota
In Glenburn, 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 Glenburn, 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 Glenburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Glenburn is $1,497 in the 58740 zip code, which is significantly lower than the national median property tax rate of 0.99%. The lowest median tax bill is also $1,497, reflecting a uniformity in tax burdens across the region.
Average Glenburn Assessed Value
$195,500
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 Glenburn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58740 | $109,000 | $151,000 | $195,500 | $250,000 | $308,000 |
Source: Ownwell
Property Tax Bills Across Glenburn, North Dakota
In Glenburn, located in Ward County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value typically represents a percentage of the property's market value. Homeowners in Glenburn can expect a range of tax bills, with the 25th percentile tax bill at $752 and the 75th percentile reaching $2,075. The tax bill at the 90th percentile is $2,499. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, the highest median tax bill in the area is $1,497, which is relatively modest compared to the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for Glenburn residents. Understanding how these elements interact can help homeowners anticipate their tax obligations and plan accordingly.
Average Glenburn Tax Bill
$1,497
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 Glenburn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58740 | $539 | $752 | $1,497 | $2,075 | $2,499 |
Source: Ownwell