Reynolds, Grand Forks County, North Dakota Property Taxes

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

Median Reynolds, ND effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Reynolds, ND home value: $156,900
Median annual Reynolds, ND tax bill: $1,582, $818 lower than the national median property tax bill of $2,400.

How are property taxes in Grand Forks calculated?

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

Last Updated March 1, 2025

Reynolds, Grand Forks County, North Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.21%

Estimate Property Tax Bill

$1,898

$1,762

Ownwell’s Reynolds Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Reynolds with just two data points. By entering your property's estimated assessed value, our calculator applies Reynolds’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 Grand Forks County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Reynolds, Grand Forks County, North Dakota

Local government entities are responsible for setting property tax rates, which can significantly differ within a state. The process involves each county estimating its required budget to provide necessary services, then dividing 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 establishing these rates and budgets, this is the fundamental annual procedure. In Reynolds, located in Grand Forks County, North Dakota, the effective property tax rate is reflective of this process. When compared to other cities in North Dakota, Reynolds’ tax rate is quite competitive. The median property tax rate in North Dakota stands at 1.21%, which is above the national median of 1.02%. This suggests that property owners in Reynolds might pay slightly higher taxes compared to the national average, but the rate aligns with the state’s overall trend. Comparing Reynolds to national figures provides useful context for understanding local property tax obligations.

Property Tax Rates Across Reynolds, Grand Forks County, North Dakota

Source: Ownwell

0.88%

1.32%

1.77%

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 Reynolds Tax Rate

1.21%

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 Reynolds, Grand Forks County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
58275	0.84%	0.89%	1.21%	1.21%	1.23%

Source: Ownwell

Property Tax Assessment Values Across Reynolds, Grand Forks County, North Dakota

When examining property taxes in Reynolds, 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 Reynolds. For example, the median home price in Reynolds is $156,900, with tax bills ranging significantly across the county. Zip code 58275 has the highest median home price at $156,900.

Property Tax Assessment Values Across Reynolds, Grand Forks County, North Dakota

Source: Ownwell

$31,300

$130,600

$229,900

Median Reynolds Market Value

$156,900

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 Reynolds, Grand Forks County, North Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
58275	$40,400	$88,200	$156,900	$214,400	$305,900

Source: Ownwell

Property Tax Bills Across Reynolds, Grand Forks County, North Dakota

In Reynolds, located in Grand Forks County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in Reynolds is $156,900, and property tax bills in the area can vary significantly. For example, the 25th percentile tax bill is $933, while the 75th percentile reaches $2,555, and the 90th percentile climbs to $3,388. These figures highlight the potential financial impact on homeowners, especially when compared to the national median property tax bill of $2,400. Property taxes are influenced by factors such as local tax rates and any applicable exemptions or deductions. For homeowners in Reynolds, understanding these elements is crucial to managing their financial obligations effectively. Ownwell can assist by providing expert property tax appeal and exemption services, potentially lowering tax bills. By leveraging their expertise, homeowners can ensure their property is assessed fairly, maximizing their savings and minimizing the burden of property taxes.

Property Tax Bills Across Reynolds, Grand Forks County, North Dakota

Source: Ownwell

$273

$1,851

$3,428

Median Reynolds Tax Bill

$1,582

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 Reynolds, Grand Forks County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
58275	$478	$933	$1,582	$2,555	$3,388

Source: Ownwell