Sherwood, Renville County, North Dakota Property Taxes
Median Sherwood, ND effective property tax rate: 1.30%, significantly higher than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Sherwood, ND home value: $26,340
Median annual Sherwood, ND tax bill: $311, $2,089 lower than the national median property tax bill of $2,400.
How are property taxes in Renville calculated?
Property taxes in Sherwood, 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 Sherwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sherwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sherwood, Renville County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.3%
Estimate Property Tax Bill
$342
$318
Ownwell’s Sherwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sherwood with just two data points.
By entering your property's estimated assessed value, our calculator applies Sherwood’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 Renville County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Sherwood, Renville County, North Dakota
Local government entities are responsible for setting property tax rates, leading to significant variations within a state. Each year, counties calculate their necessary budgets for public services and divide this amount by the total assessed value of all taxable properties in their area. This process determines the property tax rate. While tax rates and budgets are influenced by votes and legislation, this is essentially the annual method used.
In Sherwood, located in Renville County, the effective property tax rate stands at 1.30%. This rate is higher than the national median property tax rate of 1.02%, reflecting the local government's budgetary requirements and property values. When compared to other cities in North Dakota, Sherwood's property tax rate is consistent with the state median, highlighting a uniform approach to property taxation within the state.
Understanding these rates is crucial for property owners looking to manage their expenses and explore potential savings through property tax appeals or exemptions. By staying informed, property owners in Sherwood can better navigate the complexities of property taxation and potentially reduce their financial burden.
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 Sherwood Tax Rate
1.30%
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 Renville County Tax Rate
1.30%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sherwood, Renville County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58782 | 0.85% | 1.30% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Sherwood, Renville County, North Dakota
When examining property taxes in Sherwood, 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 Renville 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 Renville 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 Sherwood. For example, the median home price in Sherwood is $26,340, with tax bills ranging significantly across the county. Zip code 58782 has the highest median home price at $26,340.
Property Tax Assessment Values Across Sherwood, Renville County, North Dakota
Source: Ownwell
$26,340
$63,398
$100,455
Median Sherwood Market Value
$26,340
Median Renville County Market Value
$65,650
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sherwood, Renville County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58782 | $5,483 | $14,495 | $26,340 | $47,740 | $78,592 |
Source: Ownwell
Property Tax Bills Across Sherwood, Renville County, North Dakota
Median Sherwood Tax Bill
$311
Median Renville County Tax Bill
$701
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Sherwood, Renville County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58782 | $67 | $176 | $311 | $616 | $1,010 |
Source: Ownwell