Underwood, Mclean County, North Dakota Property Taxes

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

Median Underwood, ND effective property tax rate: 1.32%, significantly higher than the national median of 1.02%, but lower than the ND state median of 1.30%.
Median Underwood, ND home value: $90,800
Median annual Underwood, ND tax bill: $1,183, $1,217 lower than the national median property tax bill of $2,400.

How are property taxes in McLean calculated?

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

Last Updated March 1, 2025

Underwood, Mclean County, North Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.32%

Estimate Property Tax Bill

$1,199

$1,112

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

Property Tax Rates Across Underwood, Mclean County, North Dakota

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget needed to provide services and divides it by the total value of all taxable property in its area. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual process.

Underwood in McLean County, North Dakota, has an effective property tax rate that can be compared to other cities within the state and the national median. North Dakota's median property tax rate stands at 1.32%, which is above the national median of 1.02%. This indicates that property owners in Underwood may experience higher property tax bills compared to the national average.

Understanding how these rates are set and how they compare can empower property owners to make informed decisions and potentially seek appeals or exemptions. By staying informed, property owners can ensure they are not overpaying and are taking advantage of any available tax relief options.

Property Tax Rates Across Underwood, Mclean County, North Dakota

Source: Ownwell

0.89%

1.11%

1.32%

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 Underwood Tax Rate

1.32%

Median Effective Mclean County Tax Rate

1.12%

Median Effective North Dakota Tax Rate

1.30%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Underwood, Mclean County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
58576	1.32%	1.32%	1.32%	1.33%	1.33%

Source: Ownwell

Property Tax Assessment Values Across Underwood, Mclean County, North Dakota

When examining property taxes in Underwood, 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 McLean 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 McLean 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 Underwood. For example, the median home price in Underwood is $90,800, with tax bills ranging significantly across the county. Zip code 58576 has the highest median home price at $90,800.

Property Tax Assessment Values Across Underwood, Mclean County, North Dakota

Source: Ownwell

$38,100

$112,600

$187,100

Median Underwood Market Value

$90,800

Median Mclean County Market Value

$136,000

Median North Dakota Market Value

$217,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Underwood, Mclean County, North Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
58576	$10,720	$35,450	$90,800	$152,700	$192,440

Source: Ownwell

Property Tax Bills Across Underwood, Mclean County, North Dakota

In Underwood, located in McLean County, ND, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Underwood, the median home price is $90,800, and property tax bills can vary significantly. The 25th percentile tax bill is $464, while the 75th percentile reaches $2,019, and the 90th percentile can be as high as $2,505. Compared to the national median property tax bill of $2,400, many homeowners in Underwood may find themselves paying less, although some may exceed this amount. Factors such as location, property size, and local tax rates influence these variations. Ownwell offers services to help homeowners potentially reduce their property tax bills by appealing inaccurate assessments and identifying eligible exemptions. By leveraging Ownwell's expertise, homeowners can ensure they are not overpaying and can achieve significant savings on their property taxes.

Property Tax Bills Across Underwood, Mclean County, North Dakota

Source: Ownwell

$413

$1,159

$1,905

Median Underwood Tax Bill

$1,183

Median Mclean County Tax Bill

$1,469

Median North Dakota Tax Bill

$2,659

Median United States Tax Bill

$2,400

Property Tax Bills Across Underwood, Mclean County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
58576	$136	$464	$1,183	$2,019	$2,505

Source: Ownwell