Hope, Steele County, North Dakota Property Taxes
Median HOPE, ND effective property tax rate: 2.24%, significantly higher than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median HOPE, ND home value: $91,914
Median annual HOPE, ND tax bill: $1,882, $518 lower than the national median property tax bill of $2,400.
How are property taxes in Steele calculated?
Property taxes in HOPE, 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 HOPE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in HOPE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hope, Steele County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.24%
Estimate Property Tax Bill
$2,059
$1,911
Property Tax Rates Across Hope, Steele County, North Dakota
Local government entities in Hope, Steele County, ND, set property tax rates, which can vary significantly within North Dakota. Each year, Steele County estimates its budget needs to provide essential services and divides this by the total value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. While there are votes and legal processes involved in setting these rates and budgets, this is the core of the annual procedure.
In Hope, the effective property tax rate is 2.24%, which is notably higher than the national median property tax rate of 1.02%. This means that homeowners in Hope pay a higher proportion of their property's assessed value in taxes compared to the average American homeowner. With the national median property tax bill being $2,400, residents of Hope may find their tax bills to be relatively steep. However, these taxes are essential for funding local services and infrastructure that benefit the community. Comparing Hope’s rate to other cities in North Dakota and the national average can provide valuable insights for homeowners and potential buyers looking to understand the local tax landscape.
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 Hope Tax Rate
2.24%
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 Steele 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 Hope, Steele County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58046 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Hope, Steele County, North Dakota
When examining property taxes in Hope, 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 Steele 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.
Assessment notices:
In Steele 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 Hope.
For example, the median home price in Hope is $91,914, with tax bills ranging significantly across the county. The 90th percentile tax bill is $2,017, slightly below the national median of $2,400.
Median Hope Market Value
$91,914
Median Steele County Market Value
$95,786
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hope, Steele County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58046 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Hope, Steele County, North Dakota
In Hope, located in Steele County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The median home price in Hope is $91,914. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Hope face a median property tax bill that ranges from the 25th percentile at $1,600 to the 90th percentile at $2,017. This is relatively close to the national median property tax bill of $2,400, although the local tax rate may vary.
For homeowners looking to reduce their property tax burden, Ownwell offers expert assistance. By analyzing property assessments and identifying potential discrepancies, Ownwell can help homeowners file appeals and secure exemptions, potentially lowering their tax bills. This service ensures that homeowners in Hope pay only their fair share, providing peace of mind and potential savings.
Median Hope Tax Bill
$1,882
Median Steele County Tax Bill
$1,249
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Hope, Steele County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58046 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell