Park River, Walsh County, North Dakota Property Taxes

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

Median Park River, ND effective property tax rate: 1.73%, significantly higher than the national median of 1.02%, but lower than the North Dakota state median of 1.30%. Median Park River, ND home value: $160,000. Median annual Park River, ND tax bill: $2,775, $375 higher than the national median property tax bill of $2,400. How are property taxes in Walsh County calculated? Property taxes in Park River, 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 Park River’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Park River, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Park River, Walsh County, North Dakota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.73%

Estimate Property Tax Bill

$2,768

$2,569

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

Property Tax Rates Across Park River, Walsh County, North Dakota

Local government entities set tax rates, which can vary widely within a state. This variation is because each county annually estimates its budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process.

In Park River, located in Walsh County, ND, property taxes reflect this process. Park River's effective property tax rate can be compared to other cities in North Dakota and the median property tax rates in the state and the U.S. North Dakota's median property tax rate stands at 1.73%, which is significantly higher than the national median of 1.02%. Despite this, property tax bills in Park River might still be more manageable compared to other regions due to varying property values. Understanding this can help residents make informed decisions about property ownership and tax appeals, ensuring they only pay what is necessary.

Property Tax Rates Across Park River, Walsh County, North Dakota

Source: Ownwell

1.87%

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 Park River Tax Rate

1.73%

Median Effective Walsh County Tax Rate

1.87%

Median Effective North Dakota Tax Rate

1.30%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Park River, Walsh County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
58270	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Park River, Walsh County, North Dakota

When examining property taxes in Park River, 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 Walsh 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 Walsh 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 Park River. For example, the median home price in Park River is $160,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Park River, Walsh County, North Dakota

Source: Ownwell

$60,400

Median Park River Market Value

$160,000

Median Walsh County Market Value

$50,800

Median North Dakota Market Value

$217,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Park River, Walsh County, North Dakota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
58270	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Park River, Walsh County, North Dakota

In Park River, located in Walsh County, ND, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. This is then multiplied by the local tax rate. The median home price in Park River is $160,000, and the property tax bill is notably higher than the national median, with the 25th, 75th, and 90th percentiles all at $2,775. This suggests that homeowners in Park River pay a relatively consistent amount, which is above the national median property tax bill of $2,400. Higher property taxes can significantly impact homeowners by increasing the overall cost of homeownership. Ownwell can assist homeowners by reviewing their property assessments to identify potential inaccuracies or overvaluations. By appealing these assessments, Ownwell can help reduce the taxable value of a property, potentially lowering the tax bill. This service can provide significant savings for homeowners, ensuring they are not overpaying on their property taxes.

Property Tax Bills Across Park River, Walsh County, North Dakota

Source: Ownwell

$1,127

Median Park River Tax Bill

$2,775

Median Walsh County Tax Bill

$926

Median North Dakota Tax Bill

$2,659

Median United States Tax Bill

$2,400

Property Tax Bills Across Park River, Walsh County, North Dakota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
58270	N/A	N/A	N/A	N/A	N/A

Source: Ownwell