Burleigh and Morton counties put the majority of property tax statements in the mail Friday. And as those statements hit mailboxes this coming week, Bismarck residents can expect a 10.77 percent increase in their tax bills.
Owners of $240,700 home in Bismarck will pay $2,522.66 in taxes for the year, said Burleigh County Auditor Kevin Glatt. And a nearly $315,000 home will come with a $3,300 tax bill. As the majority of property values stayed stable in the area, that’s a $245 and $320 increase in taxes over last year for the two homes respectively.
The increase is mostly a result of the sunset of the state’s 12 percent property tax buy down, as well as the voter approved nearly 3.5 mill increase for Bismarck Public Schools, Glatt said.
For that $240,700 home, $407.91 will go to Burleigh County, a decrease of $37.88 as the county reduced its mills. With the city and parks keeping steady mills, $371.63 would go to parks and $617.50 would go to the city, increases of $41.07 and $74.10 respectively. And with the mill increase, the school district will receive $1,125.61 or $167.96 more than last year.
In all, area political subdivisions will collect $109,307,728 in property taxes, 80.5 percent coming from within Bismarck city limits. There also will be $19,125,806 in special assessments, with 97.5 percent coming from within the city.
Burleigh County mailed 42,298 statements, up from 41,901 in 2016, 41,705 in 2015 and 41,052 in 2014, according to Glatt. For those living in mobile homes, statements will be mailed in mid-January.
Morton County Treasurer Vicki Lippert said her office mailed about 24,000 statements, but she did not have further information on the amount of taxes to be collected as the county auditor was out of the office Friday.
Glatt asks that residents allow a couple of days for statements to arrive, or for those that don’t want to wait, a printable statement with a detailed breakdown, including pie charts showing where tax dollars go, is available online at www.burleighco.com/property-information/. Online payments can also be made here.
For those on a fixed income, AARP State Director Josh Askvig said there is some relief.
The average social security payment in North Dakota is from $1,200 to $1,300 per month, and the highest is $2,800 for 2018.
But for those age 55 or older or who are totally disabled, with an income of less than $42,000 per year, there is the Homestead Tax Credit. The tax credit, when applied for, provides from 10 percent to near 100 percent reductions, depending on income level, for the first $120,000 worth of property value.
So those on Social Security making less than $22,000 could have $120,000 worth of property value reduced near zero, meaning they would pay almost no taxes on that first $120,000.
Residents can apply anytime throughout the year, Askvig said.
This spring, 1,108 Bismarck property owners received a notice of valuation increase, though valuation increases have been fewer than in previous years.
In 2013, the average property value increased 9 percent, Glatt said. Those numbers were 9.5 percent in 2014, 6.5 percent in 2015 and 4.5 percent in 2016.
“Our market has changed,” Glatt said.
For those that are able to pay their taxes in full, there is a 5 percent discount for paying on or before Feb. 15. For those that pay in two installments, the first half is due March 1.