58849 Property Tax Rate

Property owners in ZIP code 58849 (Ray, North Dakota) pay a median of $1,623/year in property taxes on homes valued at $239,100. This translates to an effective tax rate of 0.68%, which is 18% below the North Dakota state average of 0.83%.

The monthly property tax burden for a median-valued home in 58849 is approximately $135, which factors into escrow payments on mortgages. This ZIP code is located within Williams County. This is $261 more than the North Dakota average of $1,362/year.

Compared to similar ZIP codes in North Dakota, 58849 has higher property taxes. ZIP codes with similar effective rates include 58542 (0.68%) and 58856 (0.67%).

In Ray, property taxes represent approximately 2.2% of the median household income of $73,382, 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. Williams County offers a Homestead Property Tax Credit for primary residences — contact the Williams County Assessor's office to determine your eligibility based on household income and file before the annual deadline. Submit your homestead exemption application to the Williams County Assessor before the close of the tax year to secure the credit.