58420 Property Tax Rate

Property owners in ZIP code 58420 (Buchanan, North Dakota) pay a median of $1,614/year in property taxes on homes valued at $248,200. This translates to an effective tax rate of 0.65%, which is 22% below the North Dakota state average of 0.83%.

The monthly property tax burden for a median-valued home in 58420 is approximately $135, which factors into escrow payments on mortgages. This ZIP code is located within Stutsman County. This is $252 more than the North Dakota average of $1,362/year.

Compared to similar ZIP codes in North Dakota, 58420 has lower property taxes. ZIP codes with similar effective rates include 58243 (0.66%) and 58011 (0.66%).

In Buchanan, property taxes represent approximately 1.5% of the median household income of $107,500, 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 updated in the next reassessment cycle, potentially reflecting your purchase price. Stutsman County offers a Homestead Exemption for owner-occupied properties—submit your application to the Stutsman County Assessor's office within 30 days of taking title to ensure the exemption applies immediately. Request your property's assessment record from the Stutsman County Assessor and note the 60-day appeal window from your assessment notice to file a formal protest if needed.