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Assessing Division |
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Property Information |
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Welcome to the Bismarck Assessing Division
Tax Calculator
Calculating Property Tax*
The following formula is used in the above tax calculation, please note the mill levy changes every year and that the tax rate for residential is 9% and for commercial is 10%.
Market Value x 50% = Assessed Value
Assessed Value x Tax Rate (9% Res or 10% Com) = Taxable Value
Taxable Value x Current Mill Levy = Tax Estimate
Bismarck Assessing Division Disclaimer
The Bismarck Assessing Division may provide property information to the public "as is" without warranty of any kind, expressed or implied. Assessed values are subject to change by the assessor and Boards of Equalization (city, county, or state). Additionally, statutory exemptions may affect the taxable values. Location information contained on this site is used to identify, locate, and inventory parcels of land in the City of Bismarck for assessing purposes only and is NOT to be construed as a "legal description".
In no event will the City of Bismarck Assessing Division be liable to anyone for damages arising from the use of the property data. You assume responsibility for the selection of data to achieve your intended results, and for the use of the results obtained from the property data. Although this information is believed to be accurate, its content cannot be guaranteed and should not be relied upon for legal purposes. Any errors or omissions should be reported to the Bismarck City Assessing Division.
What is Taxable Value?
Taxable value refers to a percentage of the Assessor's market value, according to a state prescribed formula, after any exemptions are removed.
An assessment ratio of 50% is multiplied by the Assessor's market value to get assessed value.
Then, the assessed value is multiplied by 9% for residential and 10% for all other property classes to get taxable value.
To calculate annual taxes for a property, the taxable value is multiplied by the Mill Levy.
The following example uses a residential property valued at $100,000.
| Market Value |
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100,000 |
| Assessed Value (50% of Market Value) |
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50,000 |
| Taxable Value (Assessed Value Multiplied by 9% residential tax rate) |
|
4,500 |
| Annual Tax (Taxable Value multiplied by the *Mill Levy) |
|
$ 1,845 |
*Note: 2007 Mill Levy - .40993 (409.93 divided by 1,000) The mill levy is subject to change annually.
What is the Mill Levy?
The mill levy is the tax rate that is applied to the taxable value of your property. A mill is 1/10 of $.01 or $.001 (one thousandth). A mill levy is the number of dollars a taxpayer must pay for every $1,000 of taxable value. The Burleigh County Auditor determines the mill levy annually based on city, county, school, and park budgets.
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