58422 Property Tax Rate

Property owners in ZIP code 58422 (Cathay, North Dakota) pay a median of $529/year in property taxes on homes valued at $164,300. This translates to an effective tax rate of 0.32%, which is 61% below the North Dakota state average of 0.83%.

The monthly property tax burden for a median-valued home in 58422 is approximately $44, which factors into escrow payments on mortgages. This ZIP code is located within Wells County. This is $833 less than the North Dakota average of $1,362/year.

Compared to similar ZIP codes in North Dakota, 58422 has lower property taxes. ZIP codes with similar effective rates include 58835 (0.33%) and 58424 (0.31%).

In Cathay, property taxes represent approximately 0.4% of the median household income of $127,132, providing context for the relative tax burden on homeowners in this area.

North Dakota reassesses property to fair market value upon sale with no statewide cap; absent an exemption, you face uncapped future increases. Wells County provides a Homestead Exemption and property tax relief for seniors 65+ and disabled homeowners — submit your exemption application to the Wells County Assessor within 30 days of closing. File with the Wells County Assessor before the next assessment cycle to lock in any available property tax relief.