New Salem, Oliver County, North Dakota Property Taxes
Median New Salem, ND effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median New Salem, ND home value: $127,511
Median annual New Salem, ND tax bill: $876, $1,524 lower than the national median property tax bill of $2,400.
How are property taxes in Oliver County calculated?
Property taxes in New Salem, 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 Salem’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Salem, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Salem, Oliver County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$867
$805
Property Tax Rates Across New Salem, Oliver County, North Dakota
Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually calculates its required budget to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While setting tax rates and budgets involves votes and laws, this is the core of the annual process.
In New Salem, located in Oliver County, the effective property tax rate is comparable to other cities in North Dakota. The median property tax rate in North Dakota stands at 0.68%, which is notably lower than the national median of 1.02%. This difference highlights the relatively low property tax burden for homeowners in North Dakota compared to the national average. Additionally, the property tax bill in North Dakota is often less burdensome than the national median of $2,400, offering further financial relief to property owners. Understanding these rates can help homeowners in New Salem make informed decisions about property taxes and budget accordingly.
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 Salem Tax Rate
0.68%
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 Oliver County Tax Rate
0.70%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Salem, Oliver County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58563 | 0.68% | 0.68% | 0.68% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across New Salem, Oliver County, North Dakota
When examining property taxes in New Salem, 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 Oliver 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 Oliver County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Salem. For example, the median home price in New Salem is $127,511, with tax bills ranging significantly across the county. Zip code 58563 has the highest median home price at $127,511.
Property Tax Assessment Values Across New Salem, Oliver County, North Dakota
Source: Ownwell
$103,927
$148,116
$192,305
Median New Salem Market Value
$127,511
Median Oliver County Market Value
$137,505
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Salem, Oliver County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58563 | $49,255 | $61,513 | $127,511 | $169,808 | $236,562 |
Source: Ownwell
Property Tax Bills Across New Salem, Oliver County, North Dakota
In New Salem, property tax bills are calculated based on the assessed value of a home, which is determined by the Oliver County assessor. The assessed value is a percentage of the property's market value. The property tax rate is then applied to this assessed value to determine the annual tax bill. In New Salem, the median property tax bill is $876, which is significantly lower than the national median of $2,400. However, homeowners can still face high costs, especially if their tax bill falls in the 90th percentile, reaching up to $1,676.
Factors influencing property tax bills include changes in property value, local tax rates, and applicable exemptions. High property taxes can strain homeowners' finances, making it essential to manage these costs effectively. Ownwell helps homeowners by reviewing their property assessments and identifying potential savings through appeals and exemptions. By leveraging expertise and local knowledge, Ownwell ensures that homeowners pay only their fair share, potentially reducing their annual property tax bill and alleviating financial burdens.
Median New Salem Tax Bill
$876
Median Oliver County Tax Bill
$1,042
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across New Salem, Oliver County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58563 | $332 | $427 | $876 | $1,219 | $1,676 |
Source: Ownwell