Corinth, North Dakota Property Taxes
The median property tax rate in Corinth, North Dakota is 0.60%, 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 Corinth, the typical annual property tax bill is $173, far below the national median of $2,690. Property taxes in Corinth 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 Corinth'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 Corinth 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
Corinth, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$173
Ownwell’s Corinth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Corinth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Corinth 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 Corinth, North Dakota
Property taxes in Corinth, 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 Corinth is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Corinth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Corinth 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 Corinth's effective property tax rate to other counties in North Dakota and the national median. For comparison, the highest median property tax rate in Williams County is 0.60%, while the lowest median tax rate is also 0.60%. Understanding how these cities compare with Corinth provides valuable insights into the varying tax landscape across Williams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Corinth Tax Rate
0.60%
Average Williams County Tax Rate
0.85%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Corinth, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58830 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Corinth, North Dakota
In Corinth, 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 Williams 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 Corinth, 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 example, the median home price in Corinth is $28,795, and tax bills can vary significantly. The 25th percentile tax bill is $115, while the 75th percentile tax bill is $231, and the 90th percentile tax bill is $265. The zip code with both the highest and lowest median tax bill is 58830, with a median tax bill of $173. 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 the tax burden.
Average Corinth Assessed Value
$28,795
Average Williams County Assessed Value
$213,050
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Corinth, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58830 | $13,351 | $19,142 | $28,795 | $38,448 | $44,239 |
Source: Ownwell
Property Tax Bills Across Corinth, North Dakota
In Corinth, located in Williams County, ND, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the market value, which reflects the property's worth in the current real estate market. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Homeowners in Corinth face varying property tax bills, with the 25th percentile paying around $115 and the 75th percentile paying approximately $231. At the 90th percentile, the tax bill reaches about $265. Comparing this to the national median property tax rate of 0.99%, Corinth's property taxes are relatively modest. These property taxes fund essential services such as public education, infrastructure maintenance, and emergency services. For homeowners, understanding how these taxes are calculated and how they contribute to community services is crucial for financial planning and civic engagement.
Average Corinth Tax Bill
$173
Average Williams County Tax Bill
$2,001
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Corinth, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58830 | $80 | $115 | $173 | $231 | $265 |
Source: Ownwell