Towner, Mchenry County, North Dakota Property Taxes
Median Towner, ND effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Towner, ND home value: $62,250
Median annual Towner, ND tax bill: $598, $1,802 lower than the national median property tax bill of $2,400.
How are property taxes in McHenry calculated?
Property taxes in Towner, 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 Towner’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Towner, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Towner, Mchenry County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$735
$682
Property Tax Rates Across Towner, Mchenry County, North Dakota
Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
In Towner, located in McHenry County, the effective property tax rate is a reflection of this local process. Compared to other cities in North Dakota, Towner's rate stands out. The median property tax rate in North Dakota is slightly higher than the national median, which means homeowners in Towner might pay more compared to the average U.S. homeowner. Understanding these rates is crucial for property owners, as it affects their annual tax bill. By comparing Towner’s effective property tax rate to other cities in North Dakota and the national median, property owners can better understand their tax obligations and explore potential savings.
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 Towner Tax Rate
1.18%
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 County Tax Rate
1.11%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Towner, Mchenry County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58788 | 0.77% | 0.82% | 1.18% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Towner, Mchenry County, North Dakota
When examining property taxes in Towner, 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 McHenry 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 McHenry 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 Towner. For example, the median home price in Towner is $62,250, with tax bills ranging significantly across the county. 58788 has the highest median home price at $62,250.
Property Tax Assessment Values Across Towner, Mchenry County, North Dakota
Source: Ownwell
$62,250
$75,400
$88,550
Median Towner Market Value
$62,250
Median Mchenry County Market Value
$74,300
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Towner, Mchenry County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58788 | $13,400 | $21,500 | $62,250 | $76,100 | $120,800 |
Source: Ownwell
Property Tax Bills Across Towner, Mchenry County, North Dakota
Median Towner Tax Bill
$598
Median Mchenry County Tax Bill
$855
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Towner, Mchenry County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58788 | $142 | $235 | $598 | $863 | $1,414 |
Source: Ownwell