58240 Property Tax Rate

Property owners in ZIP code 58240 (Hatton, North Dakota) pay a median of $1,688/year in property taxes on homes valued at $161,500. This translates to an effective tax rate of 1.05%, which is 26% above the North Dakota state average of 0.83%.

The monthly property tax burden for a median-valued home in 58240 is approximately $141, which factors into escrow payments on mortgages. This ZIP code is located within Steele County. This is $326 more than the North Dakota average of $1,362/year.

Compared to similar ZIP codes in North Dakota, 58240 has lower property taxes. ZIP codes with similar effective rates include 58054 (1.05%) and 58067 (1.05%).

In Hatton, property taxes represent approximately 2.2% of the median household income of $76,250, providing context for the relative tax burden on homeowners in this area.

North Dakota reassesses to market value upon sale with no annual increase cap for non-exempt properties. Steele County offers a Homestead Exemption and senior/disabled property tax relief programs — file your exemption claim with the Steele County Assessor before the next assessment cycle to reduce your tax burden. Contact the Steele County Assessor's office within 30 days of closing to confirm your exemption eligibility and submit required forms.