Mchenry, Eddy County, North Dakota Property Taxes

Name: Property Tax Bills Across Mchenry, Eddy County, North Dakota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median McHenry, ND effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median McHenry, ND home value: $94,400
Median annual McHenry, ND tax bill: $982, $1,418 lower than the national median property tax bill of $2,400.

How are property taxes in Eddy County calculated?

Property taxes in McHenry, 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 McHenry’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in McHenry, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mchenry, Eddy County, North Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$982

$911

Ownwell’s McHenry Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in McHenry with just two data points.

By entering your property's estimated assessed value, our calculator applies McHenry’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Eddy County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mchenry, Eddy County, North Dakota

Local government entities are responsible for setting tax rates, and these can differ significantly throughout a state. Each county, like 38027 in ND, determines its necessary budget to provide public services and then divides that by the total assessed value of all taxable properties within its borders. This process establishes the property tax rate. Although there are votes and legislation involved in the decision-making process for tax rates and budgets, this is essentially how it works each year.

You can compare McHenry's effective property tax rate to other cities in ND and the median property tax rates in ND and the U.S. The median property tax rate in ND is slightly above the national median rate of 1.02%. This comparison provides valuable insight into how McHenry's property tax rate aligns with both state and national figures. Understanding these differences can help property owners make informed decisions regarding their property tax obligations and potential savings through appeals or exemptions.

Property Tax Rates Across Mchenry, Eddy County, North Dakota

Source: Ownwell

1.58%

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 Mchenry Tax Rate

1.04%

Median Effective Eddy County Tax Rate

1.58%

Median Effective North Dakota Tax Rate

1.30%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mchenry, Eddy County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
58464	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mchenry, Eddy County, North Dakota

When examining property taxes in MCHENRY, ND, 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 Eddy 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 Eddy County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 MCHENRY.

For example, the median home price in MCHENRY is $94,400, with tax bills around $982, highlighting a lower property tax burden compared to the national median of $2,400.

Property Tax Assessment Values Across Mchenry, Eddy County, North Dakota

Source: Ownwell

$21,100

Median Mchenry Market Value

$94,400

Median Eddy County Market Value

$36,000

Median North Dakota Market Value

$217,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mchenry, Eddy County, North Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
58464	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mchenry, Eddy County, North Dakota

In McHenry, located in Eddy County, North Dakota, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in McHenry is $94,400. Homeowners in this area face property tax bills that are consistent across different percentiles, with the 25th, 75th, and 90th percentiles all at $982. This is significantly lower than the national median property tax bill of $2,400. Such uniformity in tax bills suggests a stable tax rate, which can be advantageous for homeowners budgeting their annual expenses. However, even with relatively low tax bills, it is crucial for homeowners to ensure they are not overpaying. Ownwell offers expert property tax appeal and exemption services, helping homeowners in McHenry potentially reduce their tax bills. By analyzing property assessments and market conditions, Ownwell identifies opportunities for savings, ensuring that homeowners only pay their fair share. This service can provide peace of mind and financial relief, allowing homeowners to allocate resources more effectively.

Property Tax Bills Across Mchenry, Eddy County, North Dakota

Source: Ownwell

$306

Median Mchenry Tax Bill

$982

Median Eddy County Tax Bill

$348

Median North Dakota Tax Bill

$2,659

Median United States Tax Bill

$2,400

Property Tax Bills Across Mchenry, Eddy County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
58464	N/A	N/A	N/A	N/A	N/A

Source: Ownwell