58416 Property Tax Rate

Property owners in ZIP code 58416 (Binford, North Dakota) pay a median of $929/year in property taxes on homes valued at $120,000. This translates to an effective tax rate of 0.77%, which is 7% below the North Dakota state average of 0.83%.

The monthly property tax burden for a median-valued home in 58416 is approximately $77, which factors into escrow payments on mortgages. This ZIP code is located within Griggs County. This is $433 less than the North Dakota average of $1,362/year.

Compared to similar ZIP codes in North Dakota, 58416 has lower property taxes. ZIP codes with similar effective rates include 58256 (0.78%) and 58436 (0.78%).

In Binford, property taxes represent approximately 1.5% of the median household income of $60,179, providing context for the relative tax burden on homeowners in this area.

North Dakota reassesses all property at fair market value every four years; your assessed value will be set during the next reassessment cycle and may reflect fair market value at that time. Griggs County provides a Homestead Exemption for primary residences—file your application with the Griggs County Assessor's office within 30 days of purchase to ensure timely processing. Request your property's assessment card from the Griggs County Assessor and note the 60-day protest period from your assessment notice to challenge any valuation discrepancies.