58701 Property Tax Rate

Property owners in ZIP code 58701 (Minot, North Dakota) pay a median of $2,961/year in property taxes on homes valued at $270,200. This translates to an effective tax rate of 1.10%, which is 32% above the North Dakota state average of 0.83%.

The monthly property tax burden for a median-valued home in 58701 is approximately $247, which factors into escrow payments on mortgages. This ZIP code is located within Ward County. This is $1,599 more than the North Dakota average of $1,362/year.

Compared to similar ZIP codes in North Dakota, 58701 has higher property taxes. ZIP codes with similar effective rates include 58030 (1.10%) and 58368 (1.10%).

In Minot, property taxes represent approximately 3.9% of the median household income of $75,329, providing context for the relative tax burden on homeowners in this area.

North Dakota reassesses properties at market value upon sale, with no annual cap on increases for new owners. Ward County offers a Homestead Property Tax Credit for primary residences — contact the Ward County Assessor's office to determine your eligibility based on household income and file before the annual deadline. File your homestead exemption claim with the Ward County Assessor before the deadline to receive tax relief on your purchase.