Martin, Sheridan County, North Dakota Property Taxes
Median Martin, ND effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Martin, ND home value: $57,920
Median annual Martin, ND tax bill: $725, $1,675 lower than the national median property tax bill of $2,400.
How are property taxes in Sheridan calculated?
Property taxes in Martin, 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 Martin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Martin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Martin, Sheridan County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.25%
Estimate Property Tax Bill
$724
$672
Property Tax Rates Across Martin, Sheridan County, North Dakota
Local government entities determine tax rates, which can vary significantly within a state. Annually, each county in North Dakota estimates the budget necessary to provide services, dividing this figure by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Martin, located in Sheridan County, the effective property tax rate can be compared to other cities in North Dakota, as well as to the state and national medians. North Dakota's median property tax rate stands at 1.25%, slightly above the national median of 1.02%. This means that homeowners in Martin may experience property tax bills that are higher than the national average, given the state's overall higher rate. Understanding these differences can be crucial for homeowners looking to manage their property tax obligations effectively.
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 Martin Tax Rate
1.25%
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 Sheridan County Tax Rate
1.11%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Martin, Sheridan County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58758 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Martin, Sheridan County, North Dakota
When examining property taxes in Martin, 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 Sheridan 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 Sheridan 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 Martin. For example, the median home price in Martin is $57,920, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Martin, Sheridan County, North Dakota
Source: Ownwell
$23,731
$23,731
$23,731
Median Martin Market Value
$57,920
Median Sheridan County Market Value
$47,200
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Martin, Sheridan County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58758 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Martin, Sheridan County, North Dakota
In Martin, located in Sheridan County, ND, property tax bills are determined by assessing the value of a home and applying the local tax rate. The median home price in Martin is $57,920, and homeowners face a property tax bill typically ranging from $665 at the 25th percentile to $821 at the 90th percentile. These figures highlight that Martin's property tax bills are generally lower than the national median property tax bill of $2,400. However, the property tax rate can still be a burden for some homeowners, particularly those with homes assessed at higher values.
Factors influencing the tax bill include the assessed value of the property and the local tax rate. High property taxes can strain homeowners financially, especially if their property is over-assessed. This is where Ownwell comes in. By offering property tax appeal and exemption services, Ownwell helps homeowners ensure their properties are fairly assessed, potentially lowering their tax bills. With expert guidance, homeowners in Martin can navigate the complexities of property taxes and achieve significant savings.
Median Martin Tax Bill
$725
Median Sheridan County Tax Bill
$348
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Martin, Sheridan County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58758 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell