Makoti, Ward County, North Dakota Property Taxes
Median Makoti, ND effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Makoti, ND home value: $130,000
Median annual Makoti, ND tax bill: $1,273, $1,127 lower than the national median property tax bill of $2,400.
How are property taxes in Ward County calculated?
Property taxes in Makoti, 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 Makoti’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Makoti, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Makoti, Ward County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$1,391
$1,291
Property Tax Rates Across Makoti, Ward County, North Dakota
Local government entities determine tax rates, leading to significant variations within a state. Each year, counties estimate their budgetary needs to provide essential services and divide this by the total assessed value of all taxable properties in their area, resulting in the property tax rate. Although setting tax rates and budgets involves voting and legislative processes, this is the core of the annual procedure.
In Makoti, located in Ward County, the effective property tax rate stands at 1.07%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Makoti's rate to other cities in North Dakota, it aligns with the state’s median, as both share the same rate. This consistency highlights how local fiscal requirements and property values shape tax obligations. Understanding these rates can help property owners in Makoti and beyond to better anticipate their tax responsibilities and potentially explore appealing options if they believe their property has been over-assessed.
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 Makoti Tax Rate
1.07%
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 Ward County Tax Rate
1.65%
Median Effective North Dakota Tax Rate
1.30%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Makoti, Ward County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58756 | 0.85% | 1.04% | 1.07% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Makoti, Ward County, North Dakota
When examining property taxes in Makoti, 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 Ward 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 Ward 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 Makoti. For example, the median home price in Makoti is $130,000, with tax bills ranging significantly across the county. Zip code 58756 has the highest median home price at $130,000.
Property Tax Assessment Values Across Makoti, Ward County, North Dakota
Source: Ownwell
$83,000
$180,000
$277,000
Median Makoti Market Value
$130,000
Median Ward County Market Value
$201,000
Median North Dakota Market Value
$217,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Makoti, Ward County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58756 | $59,800 | $80,000 | $130,000 | $222,000 | $301,200 |
Source: Ownwell
Property Tax Bills Across Makoti, Ward County, North Dakota
Median Makoti Tax Bill
$1,273
Median Ward County Tax Bill
$2,940
Median North Dakota Tax Bill
$2,659
Median United States Tax Bill
$2,400
Property Tax Bills Across Makoti, Ward County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58756 | $529 | $945 | $1,273 | $2,182 | $2,728 |
Source: Ownwell