Mcleod, Ransom County, North Dakota Property Taxes
Median McLeod, ND effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median McLeod, ND home value: $30,200
Median annual McLeod, ND tax bill: $236, $2,164 lower than the national median property tax bill of $2,400.
How are property taxes in Ransom calculated?
Property taxes in McLeod, 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 McLeod’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in McLeod, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mcleod, Ransom County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$263
$244
Property Tax Rates Across Mcleod, Ransom County, North Dakota
Local government entities in North Dakota set tax rates, which can vary significantly within the state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws contribute to setting these rates and budgets, this is the core of the annual process.
In McLeod, located in Ransom County, the effective property tax rate is 0.87%, which is lower than the national median rate of 1.02%. This rate is consistent across the zip code 58057, indicating a stable local tax environment. Compared to other cities in North Dakota, McLeod's property tax rate aligns with the state’s median, offering residents a favorable tax position. With the national median property tax bill at $2,400, McLeod's lower tax rate provides an attractive option for property owners looking to reduce their annual tax expenses. The consistency in tax rates ensures predictability and financial planning ease for homeowners in this region.
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 Mcleod Tax Rate
0.87%
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 Ransom County Tax Rate
1.65%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mcleod, Ransom County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58057 | 0.86% | 0.86% | 0.87% | 0.92% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Mcleod, Ransom County, North Dakota
When examining property taxes in McLeod, 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 Ransom 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 Ransom 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 McLeod. For example, the median home price in McLeod is $30,200, with tax bills ranging significantly across the county. Zip code 58057 has the highest median home price at $30,200.
Property Tax Assessment Values Across Mcleod, Ransom County, North Dakota
Source: Ownwell
$30,200
$90,300
$150,400
Median Mcleod Market Value
$30,200
Median Ransom County Market Value
$96,500
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mcleod, Ransom County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58057 | $2,300 | $9,750 | $30,200 | $99,100 | $182,400 |
Source: Ownwell
Property Tax Bills Across Mcleod, Ransom County, North Dakota
Median Mcleod Tax Bill
$236
Median Ransom County Tax Bill
$1,335
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Mcleod, Ransom County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58057 | $17 | $69 | $236 | $894 | $1,599 |
Source: Ownwell