Verona, Ransom County, North Dakota Property Taxes

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

Median Verona, ND effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Verona, ND home value: $132,350
Median annual Verona, ND tax bill: $1131, $1269 lower than the national median property tax bill of $2,400.

How are property taxes in Ransom calculated?

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

Last Updated March 1, 2025

Verona, Ransom County, North Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$1,125

$1,044

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

Property Tax Rates Across Verona, Ransom County, North Dakota

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Verona’s effective property tax rate to other cities in North Dakota and the median property tax rates in North Dakota and the U.S. In Verona, located in Ransom County, the effective property tax rate is a notable figure when compared to both the state and national averages. North Dakota's median property tax rate stands at 0.85%, which is below the national median of 1.02%. This lower rate can mean significant savings for property owners in Verona compared to those in other states. However, it's important for property owners to understand that these rates can fluctuate based on local government budgets and the assessed value of properties.

Property Tax Rates Across Verona, Ransom County, North Dakota

Source: Ownwell

0.79%

1.27%

1.74%

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 Verona Tax Rate

0.85%

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 Verona, Ransom County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
58490	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Verona, Ransom County, North Dakota

When examining property taxes in Verona, 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.

In Ransom 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 Verona. For example, the median home price in Verona is $132,350, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Verona, Ransom County, North Dakota

Source: Ownwell

$30,200

$90,300

$150,400

Median Verona Market Value

$132,350

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 Verona, Ransom County, North Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
58490	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Verona, Ransom County, North Dakota

In Verona, located in Ransom County, ND, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $132,350, homeowners in Verona face a property tax rate that results in bills ranging from $976 at the 25th percentile to $1,660 at the 90th percentile. This is notably lower than the national median property tax bill of $2,400, offering some relief to homeowners in the area.

However, even with relatively lower tax bills, homeowners can still benefit from ensuring their property is assessed fairly. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners challenge inaccurate assessments, potentially lowering their tax obligations. This service not only ensures that homeowners pay only what they owe but also maximizes savings, allowing them to better manage their finances.

Property Tax Bills Across Verona, Ransom County, North Dakota

Source: Ownwell

$236

$939

$1,642

Median Verona Tax Bill

$1,131

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 Verona, Ransom County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
58490	N/A	N/A	N/A	N/A	N/A

Source: Ownwell