Honeyford, Grand Forks County, North Dakota Property Taxes
Median Honeyford, ND effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the ND state median of 1.30%.
Median Honeyford, ND home value: $89,100
Median annual Honeyford, ND tax bill: $802, $1,598 lower than the national median property tax bill of $2,400.
How are property taxes in Grand Forks calculated?
Property taxes in Honeyford, 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 Honeyford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Honeyford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Honeyford, Grand Forks County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$802
$744
Property Tax Rates Across Honeyford, Grand Forks County, North Dakota
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Honeyford, located in Grand Forks County, ND, the effective property tax rate reflects this local budgeting process. Honeyford's rate may differ from other cities in North Dakota due to varying budgetary needs and property values. Compared to the national median property tax rate of 1.02%, Honeyford's rate offers a distinct perspective on property taxation in the U.S. Additionally, the median property tax rate in North Dakota provides further context for understanding how Honeyford fits into the broader state landscape. By examining these rates, property owners can better understand their tax obligations and how they compare to both state and national averages.
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 Honeyford Tax Rate
0.90%
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 Grand Forks County Tax Rate
1.49%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Honeyford, Grand Forks County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58235 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Honeyford, Grand Forks County, North Dakota
When examining property taxes in Honeyford, 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 Grand Forks 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 Grand Forks 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 Honeyford. For example, the median home price in Honeyford is $89,100, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Honeyford, Grand Forks County, North Dakota
Source: Ownwell
$31,300
$130,600
$229,900
Median Honeyford Market Value
$89,100
Median Grand Forks County Market Value
$201,100
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Honeyford, Grand Forks County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58235 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Honeyford, Grand Forks County, North Dakota
In Honeyford, located in Grand Forks County, ND, property tax bills are calculated based on the assessed value of a home, which reflects its market value. With a median home price of $89,100, homeowners in this area face a property tax bill of around $802, which is significantly below the national median property tax bill of $2,400. The property tax rate in Honeyford is also notably lower than the national median rate of 1.02%.
Several factors influence the property tax bill, including changes in the assessed value, local tax rates, and applicable exemptions. These elements can significantly impact a homeowner's financial obligations. For many, understanding and managing these factors can be challenging.
Ownwell offers expert property tax appeal and exemption services to help homeowners in Honeyford reduce their tax burdens. By analyzing property assessments and identifying potential discrepancies or overlooked exemptions, Ownwell assists homeowners in securing fairer tax bills, ultimately leading to considerable savings.
Property Tax Bills Across Honeyford, Grand Forks County, North Dakota
Source: Ownwell
$273
$1,851
$3,428
Median Honeyford Tax Bill
$802
Median Grand Forks County Tax Bill
$2,953
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Honeyford, Grand Forks County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58235 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell