58769 Property Tax Rate

Property owners in ZIP code 58769 (Palermo, North Dakota) pay a median of $1,586/year in property taxes on homes valued at $112,100. This translates to an effective tax rate of 1.41%, which is 70% above the North Dakota state average of 0.83%.

The monthly property tax burden for a median-valued home in 58769 is approximately $132, which factors into escrow payments on mortgages. This ZIP code is located within Mountrail County. This is $224 more than the North Dakota average of $1,362/year.

Compared to similar ZIP codes in North Dakota, 58769 has higher property taxes. ZIP codes with similar effective rates include 58438 (1.41%) and 58456 (1.42%).

In Palermo, property taxes represent approximately 2.0% of the median household income of $78,594, 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. Mountrail County offers a Homestead Property Tax Credit for primary residences — contact the Mountrail County Assessor's office to determine your eligibility based on household income and file before the annual deadline. File your homestead application with the Mountrail County Assessor within the first 60 days after closing to receive the maximum tax benefit.