Underwood, Mclean County, North Dakota Property Taxes
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
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.32%
Estimate Property Tax Bill
$1,199
$1,112
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.
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%
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 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
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