New Town, Mckenzie County, North Dakota Property Taxes
Median NEW TOWN, ND effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median NEW TOWN, ND home value: $106,390
Median annual NEW TOWN, ND tax bill: $546, $1,854 lower than the national median property tax bill of $2,400.
How are property taxes in McKenzie calculated?
Property taxes in NEW TOWN, 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 NEW TOWN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in NEW TOWN, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Town, Mckenzie County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.53%
Estimate Property Tax Bill
$564
$523
Property Tax Rates Across New Town, Mckenzie County, North Dakota
Local government entities set tax rates, which can vary widely within a state. This variation occurs because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In New Town, located in McKenzie County, North Dakota, the property tax rate is a reflection of this process. McKenzie County's property tax rate is 0.53%, which is significantly lower than the national median property tax rate of 1.02%. This means that property owners in New Town enjoy a relatively lower property tax burden compared to the national average.
Comparing New Town’s effective property tax rate to other cities in North Dakota and the median property tax rates in the U.S. provides a clearer picture of how local property taxes can impact homeowners. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively.
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 New Town Tax Rate
0.53%
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 Mckenzie County Tax Rate
0.83%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Town, Mckenzie County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58763 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across New Town, Mckenzie County, North Dakota
When examining property taxes in New Town, 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 McKenzie 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.
Assessment notices: In McKenzie 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 New Town. For example, the median home price in New Town is $106,390, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across New Town, Mckenzie County, North Dakota
Source: Ownwell
$100,330
$153,788
$207,245
Median New Town Market Value
$106,390
Median Mckenzie County Market Value
$163,270
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Town, Mckenzie County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58763 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across New Town, Mckenzie County, North Dakota
In New Town, located in McKenzie County, ND, property tax bills are calculated based on the assessed value of a home. The median home price in New Town is $106,390, which is relatively affordable compared to the national median. However, homeowners still face property tax bills that can vary significantly. The 25th percentile tax bill is $390, while the 75th percentile reaches $587, and the 90th percentile is $607. These figures indicate that while some homeowners pay below the national median property tax bill of $2400, others may find themselves paying a higher amount relative to the value of their property.
Factors influencing these tax bills include local government budgets, school funding needs, and other municipal services. These elements can significantly impact a homeowner's financial burden. Ownwell offers a solution by providing property tax appeal services. By assessing your property's value and ensuring it aligns with the county's assessments, Ownwell can help identify potential savings. This service can lead to a reduction in your property tax bill, offering financial relief and peace of mind.
Median New Town Tax Bill
$546
Median Mckenzie County Tax Bill
$1,120
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across New Town, Mckenzie County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58763 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell