Hankinson, Richland County, North Dakota Property Taxes

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

Median Hankinson, ND effective property tax rate: 1.45%, significantly higher than the national median of 1.02%, but lower than the ND state median of 1.30%.
Median Hankinson, ND home value: $43,600
Median annual Hankinson, ND tax bill: $631, $1,769 lower than the national median property tax bill of $2,400.

How are property taxes in Richland County calculated?

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

Last Updated March 1, 2025

Hankinson, Richland County, North Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.45%

Estimate Property Tax Bill

$632

$587

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

Property Tax Rates Across Hankinson, Richland County, North Dakota

Local government entities in North Dakota set tax rates, which can vary significantly within the state. This variation occurs because each year, counties like Richland estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is essentially the annual process. In Hankinson, located in Richland County, property owners experience an effective property tax rate that can be compared to other cities in North Dakota and the national median. With North Dakota's median property tax rate at 1.45%, property owners in Hankinson may find their rates above the national median of 1.02%. This comparison highlights the importance of understanding local property tax rates and exploring opportunities for appeals or exemptions. By doing so, property owners can better manage their tax liabilities and potentially reduce their annual property tax bills.

Property Tax Rates Across Hankinson, Richland County, North Dakota

Source: Ownwell

1.58%

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 Hankinson Tax Rate

1.45%

Median Effective Richland County Tax Rate

1.58%

Median Effective North Dakota Tax Rate

1.30%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hankinson, Richland County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
58041	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Hankinson, Richland County, North Dakota

When examining property taxes in Hankinson, 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 Richland 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 Richland 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 Hankinson. For example, the median home price in Hankinson is $43,600, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Hankinson, Richland County, North Dakota

Source: Ownwell

$122,250

Median Hankinson Market Value

$43,600

Median Richland County Market Value

$121,100

Median North Dakota Market Value

$217,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hankinson, Richland County, North Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
58041	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Hankinson, Richland County, North Dakota

In Hankinson, located in Richland County, ND, property tax bills are determined based on the assessed value of a home, which is a percentage of the property's market value. With a median home price of $43,600, property owners in this area experience property tax bills that vary widely, from the 25th percentile at $545 to the 90th percentile reaching $1,025. These figures highlight the potential for significant tax burdens relative to property values, especially when compared to the national median property tax bill of $2,400. Homeowners in Hankinson face a property tax rate that can impact their financial stability, making it essential to ensure their tax assessments are accurate.

Ownwell can assist homeowners in Hankinson by providing expert property tax appeal services. By analyzing local market data and assessment records, Ownwell identifies opportunities for reducing tax liabilities, potentially saving homeowners hundreds of dollars annually. With a focus on accuracy and fairness, Ownwell's services help ensure that property tax bills reflect true property values, alleviating financial pressure on homeowners.

Property Tax Bills Across Hankinson, Richland County, North Dakota

Source: Ownwell

$1,871

Median Hankinson Tax Bill

$631

Median Richland County Tax Bill

$1,800

Median North Dakota Tax Bill

$2,659

Median United States Tax Bill

$2,400

Property Tax Bills Across Hankinson, Richland County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
58041	N/A	N/A	N/A	N/A	N/A

Source: Ownwell