Palermo, Mountrail County, North Dakota Property Taxes
Median Palermo, ND effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Palermo, ND home value: $127,700
Median annual Palermo, ND tax bill: $802, $1,598 lower than the national median property tax bill of $2,400.
How are property taxes in Mountrail County calculated?
Property taxes in Palermo, 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 Palermo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Palermo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Palermo, Mountrail County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$766
$711
Property Tax Rates Across Palermo, Mountrail County, North Dakota
Local government entities determine property tax rates, and these can differ significantly across a state. Each year, counties calculate their budgets for necessary services and divide this by the total assessed value of taxable properties within their boundaries, resulting in the property tax rate. Though voting and legislation play roles in setting these rates, this process is the essence of how property taxes are determined annually.
In Palermo, located in Mountrail County, North Dakota, the effective property tax rate is 0.60%. This is notably lower than the national median property tax rate of 1.02%. Such a comparison highlights the variance in property tax burdens across different regions. While Palermo's rate aligns with both the highest and lowest median rates within the state, it remains significantly below the national average. This lower rate can offer a financial advantage to homeowners in Palermo, as they benefit from reduced property tax obligations compared to the national median. Understanding these differences is crucial for property owners when considering the financial implications of property taxes in their area.
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 Palermo Tax Rate
0.60%
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 Mountrail County Tax Rate
0.60%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Palermo, Mountrail County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58769 | 0.52% | 0.56% | 0.60% | 0.62% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Palermo, Mountrail County, North Dakota
When examining property taxes in Palermo, 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 Mountrail 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 Mountrail 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 Palermo.
For example, the median home price in Palermo is $127,700, with tax bills ranging significantly across the county. The zip code 58769 has the highest median home price at $127,700.
Property Tax Assessment Values Across Palermo, Mountrail County, North Dakota
Source: Ownwell
$83,000
$131,950
$180,900
Median Palermo Market Value
$127,700
Median Mountrail County Market Value
$139,300
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Palermo, Mountrail County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58769 | $19,660 | $49,450 | $127,700 | $164,550 | $264,820 |
Source: Ownwell
Property Tax Bills Across Palermo, Mountrail County, North Dakota
Median Palermo Tax Bill
$802
Median Mountrail County Tax Bill
$783
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Palermo, Mountrail County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58769 | $109 | $310 | $802 | $995 | $1,590 |
Source: Ownwell