Max, North Dakota Property Taxes
The median property tax rate in MAX, ND is 0.98%, slightly below the national median of 0.99% and considerably lower than the North Dakota state median of 1.30%. With a median home value in MAX, the typical annual property tax bill amounts to $1,844, which is significantly less than the national median of $2,690. Property taxes in MAX are calculated based on the tax assessed value, which usually falls below the market value owing to various exemptions such as those for primary residences and agricultural properties. Navigating MAX's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're situated in the heart of MAX or another part of the city, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Max, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,847
$1,714
Ownwell’s MAX Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MAX with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MAX 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 Max, North Dakota
Property taxes in MAX, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MAX is 0.98%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within MAX set these rates annually, and they can vary significantly across different neighborhoods. Each year, MAX 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 MAX's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58759 has both the highest and lowest median property tax rate in Ward County, with a rate of 0.98%. Understanding how these areas compare with MAX 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 Max Tax Rate
0.98%
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 Max, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58759 | 0.86% | 0.87% | 0.98% | 1.06% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Max, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in MAX, 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 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 MAX, 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. For instance, the median home price in MAX is $188,500, with tax bills ranging significantly. The 25th percentile tax bill is $1,323, while the 75th percentile is $2,643, and the 90th percentile reaches $3,107. The highest and lowest median tax bills in the area are both $1,844, found in the zip code 58759. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Max Assessed Value
$188,500
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 Max, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58759 | $103,600 | $134,250 | $188,500 | $263,000 | $338,500 |
Source: Ownwell
Property Tax Bills Across Max, North Dakota
In MAX, located in Ward County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and improvements made to the property. For example, the median home price in MAX is $188,500. Homeowners in the 25th percentile pay around $1,323, while those in the 75th percentile see tax bills closer to $2,643. The top 10% of property tax bills can reach up to $3,107 annually. Comparatively, Ward County's median tax bill of $1,844 aligns closely with the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Max Tax Bill
$1,844
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 Max, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58759 | $1,005 | $1,323 | $1,844 | $2,643 | $3,107 |
Source: Ownwell