Minot, Ward County, North Dakota Property Taxes
Median Minot, ND effective property tax rate: 1.65%, significantly higher than the national median of 1.02%, but lower than the ND state median of 1.30%.
Median Minot, ND home value: $203,000
Median annual Minot, ND tax bill: $3,055, $655 higher than the national median property tax bill of $2,400.
How are property taxes in Ward County calculated?
Property taxes in Minot, ND are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Minot’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Minot, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Minot, Ward County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.65%
Estimate Property Tax Bill
$3,350
$3,108
Property Tax Rates Across Minot, Ward County, North Dakota
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Below, you can compare Minot’s effective property tax rate to other cities in North Dakota and the median property tax rates in North Dakota and the U.S. Minot, located in Ward County, has a median property tax rate of 1.65%, which is significantly higher than the national median of 1.02%. This rate is consistent across different areas of Minot, including zip codes 58703 and 58701, indicating uniformity in tax assessment within the city. While the national median property tax bill is approximately $2400, Minot’s rate suggests that residents might experience higher tax bills relative to the national average, impacting homeowners' financial planning. Understanding these differences can help property owners make informed decisions regarding property investments and tax appeals.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Minot Tax Rate
1.65%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Ward County Tax Rate
1.65%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Minot, Ward County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58701 | 1.01% | 1.51% | 1.65% | 1.65% | 1.65% |
| 58703 | 0.98% | 1.65% | 1.65% | 1.65% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Minot, Ward County, North Dakota
When examining property taxes in Minot, North Dakota, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Ward County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Ward County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Minot.
For example, the median home price in Minot is $203,000, with tax bills ranging significantly across the county. Zip code 58703 has the highest median home price at $205,000.
Property Tax Assessment Values Across Minot, Ward County, North Dakota
Source: Ownwell
$83,000
$180,000
$277,000
Median Minot Market Value
$203,000
Median Ward County Market Value
$201,000
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Minot, Ward County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58701 | $20,000 | $103,000 | $200,000 | $285,000 | $382,000 |
| 58703 | $106,000 | $152,000 | $205,000 | $274,000 | $353,000 |
Source: Ownwell
Property Tax Bills Across Minot, Ward County, North Dakota
Median Minot Tax Bill
$3,055
Median Ward County Tax Bill
$2,940
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Minot, Ward County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58701 | $287 | $1,272 | $2,973 | $4,244 | $5,648 |
| 58703 | $1,288 | $2,286 | $3,154 | $4,087 | $5,285 |
Source: Ownwell