Geneseo, Sargent County, North Dakota Property Taxes

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

Median Geneseo, ND effective property tax rate: 1.06%, slightly higher than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Geneseo, ND home value: $8,388
Median annual Geneseo, ND tax bill: $89, $2,311 lower than the national median property tax bill of $2,400.

How are property taxes in Sargent County calculated?

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

Last Updated March 1, 2025

Geneseo, Sargent County, North Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.06%

Estimate Property Tax Bill

$89

$83

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

Property Tax Rates Across Geneseo, Sargent County, North Dakota

Local government entities set tax rates, which can vary significantly within a state. This variation is due to each county's annual process of estimating its required budget to provide services and dividing that amount 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, this is the annual process in a nutshell.

When looking at Geneseo in Sargent County, North Dakota, you can compare its effective property tax rate to other cities in the state and the median property tax rates in North Dakota and the U.S. North Dakota's median property tax rate is slightly higher than the national median of 1.02%, with Sargent County reflecting this trend. Understanding these differences can help property owners in Geneseo make informed decisions about their property taxes. By being aware of how local tax rates compare to state and national medians, property owners can better navigate the complexities of property tax assessments and appeals.

Property Tax Rates Across Geneseo, Sargent County, North Dakota

Source: Ownwell

1.49%

1.54%

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 Geneseo Tax Rate

1.06%

Median Effective Sargent County Tax Rate

1.49%

Median Effective North Dakota Tax Rate

1.30%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Geneseo, Sargent County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
58053	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Geneseo, Sargent County, North Dakota

When examining property taxes in Geneseo, 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 Sargent 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 Sargent 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 Geneseo. For example, the median home price in Geneseo is $8,388, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Geneseo, Sargent County, North Dakota

Source: Ownwell

$9,668

$11,554

$13,440

Median Geneseo Market Value

$8,388

Median Sargent County Market Value

$10,926

Median North Dakota Market Value

$217,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Geneseo, Sargent County, North Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
58053	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Geneseo, Sargent County, North Dakota

In Geneseo, located in Sargent County, ND, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. With a median home price of $8,388, the tax bill for homeowners in this region can vary. The 25th percentile tax bill is around $88, while the 75th and 90th percentiles reach approximately $90. These figures are significantly lower than the national median property tax bill of $2,400, reflecting the relatively low property values in the area. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For homeowners looking to reduce their property tax burden, Ownwell offers valuable services. By providing expert property tax appeal and exemption services, Ownwell can help identify potential savings, ensuring homeowners are not overpaying. This assistance can lead to substantial savings, making property ownership more affordable and manageable in Geneseo.

Property Tax Bills Across Geneseo, Sargent County, North Dakota

Source: Ownwell

$133

$299

$464

Median Geneseo Tax Bill

$89

Median Sargent County Tax Bill

$185

Median North Dakota Tax Bill

$2,659

Median United States Tax Bill

$2,400

Property Tax Bills Across Geneseo, Sargent County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
58053	N/A	N/A	N/A	N/A	N/A

Source: Ownwell