Mcgregor, Williams County, North Dakota Property Taxes
The median property tax rate in McGregor, ND is 0.48%, 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 McGregor at $52,265, the typical annual property tax bill is $229, which is well below the national median of $2,690. Property taxes in McGregor are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding McGregor's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of McGregor or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mcgregor, Williams County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$251
$233
Ownwell’s McGregor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McGregor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McGregor 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 Mcgregor, Williams County, North Dakota
Property taxes in McGregor, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McGregor is 0.48%, significantly lower than the U.S. national median of 0.99%. Local government entities within McGregor set these rates annually, and they can vary significantly across different neighborhoods. Each year, McGregor 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 McGregor's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58755 zip code has both the highest and lowest median property tax rate of 0.48%. Understanding how these cities compare with McGregor 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 Mcgregor Tax Rate
0.48%
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 Mcgregor, Williams County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58755 | 0.48% | 0.48% | 0.48% | 0.48% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Mcgregor, Williams County, North Dakota
In McGregor, 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 McGregor, 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 McGregor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the median home price in McGregor is $52,265, with tax bills ranging from $102 at the 25th percentile to $1,142 at the 90th percentile. The highest and lowest median tax bill, both at $229, are found in the 58755 zip code.
Property Tax Assessment Values Across Mcgregor, Williams County, North Dakota
Source: Ownwell
$38,820
$138,665
$238,510
Average Mcgregor Assessed Value
$52,265
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 Mcgregor, Williams County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58755 | $10,492 | $20,822 | $52,265 | $139,750 | $223,353 |
Source: Ownwell
Property Tax Bills Across Mcgregor, Williams County, North Dakota
In McGregor, ND, located in Williams County, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in McGregor is $52,265. Homeowners' tax bills can vary significantly, with the 25th percentile paying around $102, while those in the 75th percentile pay approximately $700. At the 90th percentile, tax bills can reach up to $1,142. These variations are influenced by factors such as property location, size, and improvements, which can affect the assessed value. Compared to the national median property tax rate of 0.99%, McGregor's property taxes are relatively moderate. This can have a notable impact on homeowners, influencing their overall cost of living and financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively and anticipate any changes in their property tax obligations.
Average Mcgregor Tax Bill
$229
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 Mcgregor, Williams County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58755 | $63 | $102 | $229 | $700 | $1,142 |
Source: Ownwell