Mchenry, Foster County, North Dakota Property Taxes

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

Median Mchenry, ND effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Mchenry, ND home value: $53,700
Median annual Mchenry, ND tax bill: $482, $1,918 lower than the national median property tax bill of $2,400.

How are property taxes in Foster 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, Foster County, North Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$516

$478

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 Foster County.

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

Property Tax Rates Across Mchenry, Foster County, North Dakota

Local government entities in McHenry, 38031, ND, set property tax rates, which can vary significantly across the state. This variation is due to each county's annual process of estimating its budget needs to provide essential services. The county then divides this budget by the total assessed value of all taxable property within its jurisdiction, resulting in the property tax rate. Although there are votes and laws involved in determining these rates and budgets, this is the basic process followed each year. McHenry's effective property tax rate can be compared to other cities in North Dakota, as well as the median property tax rates in the state and across the U.S. With North Dakota's median property tax rate at 0.96%, it falls slightly below the national median rate of 1.02%. Property owners in McHenry benefit from this lower rate, which can result in significant savings compared to the national average property tax bill of $2400.

Property Tax Rates Across Mchenry, Foster County, North Dakota

Source: Ownwell

0.92%

0.98%

1.05%

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

0.96%

Median Effective Foster County Tax Rate

1.04%

Median Effective North Dakota Tax Rate

1.30%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mchenry, Foster County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
58464	0.90%	0.90%	0.96%	1.37%	1.38%

Source: Ownwell

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

When examining property taxes in McHenry, 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 Foster 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 Foster 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 McHenry. For example, the median home price in McHenry is $53,700, with tax bills ranging significantly across the county. Zip code 58464 has the highest median home price at $53,700.

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

Source: Ownwell

$53,700

$119,300

$184,900

Median Mchenry Market Value

$53,700

Median Foster County Market Value

$131,550

Median North Dakota Market Value

$217,800

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
58464	$3,500	$13,000	$53,700	$120,750	$150,700

Source: Ownwell

Property Tax Bills Across Mchenry, Foster County, North Dakota

In McHenry, North Dakota, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This value is then multiplied by the local tax rate to determine the homeowner's tax bill. The median home price in McHenry is $53,700, and the median property tax bill is $482, which is significantly lower than the national median of $2,400. Factors such as property location, improvements, and market trends can influence the assessed value, directly affecting the tax bill. For homeowners in McHenry, property taxes can represent a significant expense, even with relatively low tax rates. Ownwell assists homeowners by identifying potential savings on property tax bills through appeals and exemption services. By leveraging local expertise and a thorough understanding of assessment practices, Ownwell can help ensure that homeowners are not overpaying. This service is crucial for homeowners looking to reduce their financial burden and ensure their property taxes align with their property's true value.

Property Tax Bills Across Mchenry, Foster County, North Dakota

Source: Ownwell

$482

$1,140

$1,798

Median Mchenry Tax Bill

$482

Median Foster County Tax Bill

$1,548

Median North Dakota Tax Bill

$2,659

Median United States Tax Bill

$2,400

Property Tax Bills Across Mchenry, Foster County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
58464	$32	$185	$482	$1,103	$1,488

Source: Ownwell