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Property Tax Formula

RESIDENTIAL PROPERTY TAX FORMULA

 

1.      TRUE & FULL VALUE X 50% = ASSESSED VALUE

 

2.       ASSESSED VALUE X 9% = TAXABLE VALUE

 

3.       TAXABLE VALUE X MILL RATE (IF MILL RATE IS 114.09, MOVE THE DECIMAL TO THE FRONT.  X .11409) = ESTIMATED TAXES

 

 

 

AG, COMMERCIAL, & ALL OTHER PROPERTY TAX FORMULA

 

1.      TRUE & FULL VALUE X 50% = ASSESSED VALUE

 

2.       ASSESSED VALUE X 10% = TAXABLE VALUE

 

3.       TAXABLE VALUE X MILL RATE (IF MILL RATE IS 114.09, MOVE THE DECIMAL TO THE FRONT.  X .11409) = ESTIMATED TAXES

 

 

$100,000 T&F x 50% = $50,000 Assessed Value

$50,000 x 9% = $4500 Taxable Value

$4500 x .11409 = $513.40 Estimated Taxes

 

 

      * Mill rate varies by jurisdiction.  To ensure you have the correct mill rate, you will need a parcel number or legal description.  To look up a previous year mill rate, visit www.ndpropertytax.com and search by legal description or parcel number.   



Tax Equalization Director


RETURN TO DEPARTMENTS


Tax Equalization Director
Katie Paulson
Tax Equalization Director

Ann Johnsrud
Supervisor of Assessments
ajohnsrud@co.mckenzie.nd.us

201 5th St NW
Suite 797
Watford City, ND 58854

701-444-6852
FAX: 701-444-4113




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