Walcott, Richland County, North Dakota Property Taxes
Median Walcott, ND effective property tax rate: 1.32%, significantly higher than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Walcott, ND home value: $307,900
Median annual Walcott, ND tax bill: $4,064, $1,664 higher than the national median property tax bill of $2,400.
How are property taxes in Richland calculated?
Property taxes in Walcott, 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 Walcott’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walcott, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Walcott, Richland County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.24%
Estimate Property Tax Bill
$4,473
$4,151
Ownwell’s Walcott Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Walcott with just two data points.
By entering your property's estimated assessed value, our calculator applies Walcott’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 Walcott, Richland County, North Dakota
Local government entities determine property tax rates, which can differ significantly within North Dakota. This is because each county, including Richland County, calculates its annual budget requirements and divides this by the total assessed value of all taxable property in the area, leading to the property tax rate. Although the process involves votes and legal frameworks, this is essentially how it works each year.
In Walcott, located in Richland County, the effective property tax rate is 1.32%, which is higher than the national median of 1.02%. This rate reflects the local government's efforts to balance budgetary needs with property values. While property tax rates can vary across different cities in North Dakota, Walcott's rate is a key indicator of the region's economic and administrative priorities.
Comparatively, the national median property tax bill is $2,400, highlighting the regional differences in tax burdens and the importance of understanding local tax dynamics. By examining these figures, property owners in Walcott can gain insight into how their taxes contribute to funding essential services and infrastructure in their community.
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 Walcott Tax Rate
1.24%
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 Richland County Tax Rate
1.57%
Median Effective North Dakota Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Walcott, Richland County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58077 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Walcott, Richland County, North Dakota
When examining property taxes in Walcott, 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 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 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 Walcott. For example, the median home price in Walcott is $307,900, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Walcott, Richland County, North Dakota
Source: Ownwell
$51,000
$95,575
$140,150
Median Walcott Market Value
$360,700
Median Richland County Market Value
$148,850
Median North Dakota Market Value
$244,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Walcott, Richland County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58077 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Walcott, Richland County, North Dakota
In Walcott, located in Richland County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to calculate the annual tax bill. Factors influencing this assessment include the property's size, location, and market conditions. With a median home price of $307,900, homeowners in Walcott can expect a property tax bill that varies significantly, as seen in the 25th percentile bill of $3,539 and the 90th percentile reaching $6,214. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400.
Ownwell assists homeowners in reducing their property tax bills by identifying potential savings through appeals and exemptions. By analyzing property assessments and market data, Ownwell can challenge overvaluations, ensuring homeowners pay only their fair share. This expert guidance can lead to substantial savings, making homeownership more affordable in Walcott.
Median Walcott Tax Bill
$4,722
Median Richland County Tax Bill
$1,940
Median North Dakota Tax Bill
$2,769
Median United States Tax Bill
$2,400
Property Tax Bills Across Walcott, Richland County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58077 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell