Manfred, North Dakota Property Taxes
The median property tax rate in Manfred, ND is 0.41%, 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 Manfred, the typical annual property tax bill is $320, far below the national median of $2,690. Property taxes in Manfred are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Manfred'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 Manfred or another part of Wells County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Manfred, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$334
Ownwell’s MANFRED Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MANFRED with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MANFRED 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 Manfred, North Dakota
Property taxes in Manfred, North Dakota, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Manfred is 0.41%, significantly lower than the U.S. national median of 0.99%. Local government entities within Manfred set these rates annually, and they can vary across different neighborhoods. Each year, Manfred 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 Manfred's effective property tax rate to other areas in Wells County and the national median. For comparison, the zip code 58341 has both the highest and lowest median property tax rate of 0.41%. Understanding how these areas compare with Manfred provides valuable insights into the varying tax landscape across Wells County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Manfred Tax Rate
0.41%
Average Wells County Tax Rate
0.66%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manfred, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58341 | 0.39% | 0.40% | 0.41% | 0.41% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Manfred, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Manfred, 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 Wells 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 Manfred, 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 Manfred helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Wells County, the highest median tax bill is $320 in zip code 58341, while the lowest median tax bill is also $320 in the same zip code.
Average Manfred Assessed Value
$81,560
Average Wells County Assessed Value
$119,440
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Manfred, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58341 | $37,336 | $51,930 | $81,560 | $99,000 | $212,672 |
Source: Ownwell
Property Tax Bills Across Manfred, North Dakota
In Manfred, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $81,560, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $212, while those in the 75th percentile might see bills closer to $440. At the 90th percentile, tax bills can reach up to $847. These figures highlight the variability in tax burdens depending on home values and assessment practices. Factors such as local government budgets, school funding needs, and infrastructure projects also influence the tax rate, impacting how much homeowners ultimately owe. Compared to the national median property tax rate of 0.99%, Manfred’s rates can offer some relief to homeowners, but individual circumstances and property values will significantly influence the final tax bill.
Average Manfred Tax Bill
$320
Average Wells County Tax Bill
$862
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Manfred, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58341 | $152 | $212 | $320 | $440 | $847 |
Source: Ownwell