Martin, Wells County, North Dakota Property Taxes
Median Martin, ND effective property tax rate: 0.41%, significantly lower than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median Martin, ND home value: $281,120
Median annual Martin, ND tax bill: $1,013, $1,387 lower than the national median property tax bill of $2,400.
How are property taxes in Wells 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, Wells County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.41%
Estimate Property Tax Bill
$1,129
$1,048
Property Tax Rates Across Martin, Wells County, North Dakota
Local government entities set property tax rates, leading to significant variations within a state. Each county annually estimates the budget needed to provide services, dividing this by the total value of all taxable property within its jurisdiction to determine the property tax rate. This annual process, while involving votes and laws, ultimately sets the tax landscape for residents.
In Martin, located in Wells County, North Dakota, the effective property tax rate is significantly lower than the national median property tax rate of 1.02%. This makes Martin an attractive option for property owners seeking to minimize their tax burden. When compared to other cities in North Dakota, Martin's rate is part of a broader trend within the state, which boasts some of the lowest property tax rates in the country. This favorable tax environment can be a compelling factor for potential homeowners and investors considering real estate opportunities in the region. Understanding these local nuances is crucial for making informed decisions about property investments and managing long-term financial commitments 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
0.41%
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 Wells County Tax Rate
0.67%
Median Effective North Dakota Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Martin, Wells 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, Wells County, North Dakota
When examining property taxes in Martin, 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 Wells 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 Wells 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 Martin. For example, the median home price in Martin is $281,120, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Martin, Wells County, North Dakota
Source: Ownwell
$40,820
$186,240
$331,660
Median Martin Market Value
$275,400
Median Wells County Market Value
$129,080
Median North Dakota Market Value
$244,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Martin, Wells 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, Wells County, North Dakota
Median Martin Tax Bill
$800
Median Wells County Tax Bill
$821
Median North Dakota Tax Bill
$2,769
Median United States Tax Bill
$2,400
Property Tax Bills Across Martin, Wells 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