Kramer, North Dakota Property Taxes
The median property tax rate in Kramer, ND is 1.01%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With the median home value in Kramer at $37,500, the typical annual property tax bill amounts to $377, which is significantly below the national median of $2,690. Property taxes in Kramer are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Kramer's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kramer or another part of Bottineau County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kramer, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$379
Ownwell’s Kramer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kramer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kramer to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kramer, North Dakota
Property taxes in Kramer, North Dakota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kramer is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Kramer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kramer estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Kramer's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58748 has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Kramer provides valuable insights into the varying tax landscape across Bottineau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kramer Tax Rate
1.01%
Average Bottineau County Tax Rate
0.90%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kramer, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58748 | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Kramer, North Dakota
In Kramer, North Dakota, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Bottineau County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Kramer, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Kramer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $377, found in the 58748 zip code.
Average Kramer Assessed Value
$37,500
Average Bottineau County Assessed Value
$150,650
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kramer, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58748 | $37,500 | $37,500 | $37,500 | $37,500 | $37,500 |
Source: Ownwell
Property Tax Bills Across Kramer, North Dakota
In Kramer, located in Bottineau County, ND, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors and is typically a percentage of the market value of the property. For homeowners in Kramer, the median home price stands at $37,500. Property tax rates in Kramer are relatively low compared to the national median property tax rate of 0.99%. The property tax bill for homeowners in this area is quite consistent, with the 25th, 75th, and 90th percentiles all reporting tax bills of $377. This uniformity reflects a stable tax environment within the zip code 58748, which holds both the highest and lowest median tax bills at $377. Understanding how these tax bills are calculated is crucial for homeowners, as it directly impacts their annual budget. Lower property taxes can make homeownership more affordable, contributing to the overall financial well-being of residents in Kramer.
Average Kramer Tax Bill
$377
Average Bottineau County Tax Bill
$1,406
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Kramer, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58748 | $377 | $377 | $377 | $377 | $377 |
Source: Ownwell