Martin, Wells County, North Dakota Property Taxes

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

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.41%

Estimate Property Tax Bill

$1,153

$1,070

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

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.

Property Tax Rates Across Martin, Wells County, North Dakota

Source: Ownwell

0.40%

0.66%

0.93%

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%

Median Effective Wells County Tax Rate

0.66%

Median Effective North Dakota Tax Rate

1.30%

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

$33,000

$103,310

$173,620

Median Martin Market Value

$281,120

Median Wells County Market Value

$119,440

Median North Dakota Market Value

$217,800

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

In Martin, located in Wells County, ND, property tax bills are calculated based on the assessed value of a property, which is often a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. With the national median property tax rate at 1.02%, Martin's rates can be quite competitive. Homeowners here typically see tax bills ranging from $608 at the 25th percentile to $1,549 at the 90th percentile, depending on the property's assessed value. For comparison, the national median property tax bill is $2,400, illustrating that Martin's property taxes can be more affordable. However, even with these relatively lower bills, homeowners can benefit from ensuring their assessments are fair. Ownwell offers expert property tax appeal and exemption services, helping homeowners potentially reduce their tax bills by identifying discrepancies in assessments or applying for eligible exemptions. By leveraging Ownwell's expertise, homeowners can achieve significant savings, ensuring they only pay their fair share.

Property Tax Bills Across Martin, Wells County, North Dakota

Source: Ownwell

$127

$714

$1,300

Median Martin Tax Bill

$1,013

Median Wells County Tax Bill

$862

Median North Dakota Tax Bill

$2,659

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