Mansions for Sale in North Dakota

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General
North Dakota is located in the Midwestern and Western regions of the United States. North Dakota is the 19th largest state by area in the US; it is the 3rd least populous, with just over 640,000 residents as of 2006. North Dakota was carved out of the northern half of the Dakota Territory and admitted to the Union as the 39th state on November 2, 1889.

The Missouri River flows through the western part of the state and forms Lake Sakakawea behind the Garrison Dam. The western half of the state is hilly and contains lignite coal and oil. In the east, the Red River forms the Red River Valley, holding fertile farmland. Agriculture has long dominated the economy and culture of North Dakota.

The state capital is Bismarck and the largest city is Fargo. The primary public universities are located in Grand Forks and Fargo. The United States Air Force operates bases at both Minot and Grand Forks.

Economy
Agriculture is the largest industry in North Dakota, although petroleum and food processing are also major industries. The economy of North Dakota had a gross domestic product of $24 billion in 2005. The per capita income in 2006 was $33,034, ranked 29th in the nation. The three-year median household income from 2002-2004 was $39,594, ranking 37 in the U.S. North Dakota is also the only state with a state owned bank, the Bank of North Dakota in Bismarck, and a state owned flour mill, the North Dakota Mill and Elevator in Grand Forks.

Taxes
North Dakota has a slightly progressive income tax structure; the five brackets of state income tax rates are 2.1%, 3.92% 4.34%, 5.04%, and 5.54% as of 2004. North Dakota is ranked as the 21st highest in the nation for their capitals' total state taxes. The sales tax in North Dakota is 5% for most items. The state allows municipalities to institute local sales taxes and special local taxes, such as the 1.75% supplemental sales tax in Grand Forks. Excise taxes are levied on the purchase price or market value of aircraft registered in North Dakota. The state imposes a use tax on items purchased elsewhere but used within North Dakota. Owners of real property in North Dakota pay property tax to their county, municipality, school district, and special taxing districts.

The Tax Foundation ranks North Dakota as the state with the 30th most "business friendly" tax climate in the nation. Tax Freedom Day arrives on April 1, 10 days earlier than the national Tax Freedom Day. In 2006, North Dakota was the state with the lowest number of returns filed by taxpayers with an Adjusted Gross Income of over $1M - only 333.

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