Scranton, North Dakota Property Taxes
The median property tax rate in Scranton, ND is 0.73%, considerably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Scranton at $42,930, the typical annual property tax bill is $392, significantly below the national median of $2,690. Property taxes in Scranton are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Scranton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Scranton or another part of Bowman County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Scranton, North Dakota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,600
Ownwell’s Scranton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scranton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scranton 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 Bowman County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Scranton, North Dakota
Property taxes in Scranton, 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 Scranton is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Scranton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scranton 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 Scranton's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58653 has both the highest and lowest median property tax rate of 0.73%, highlighting a uniform tax landscape within Bowman County. Understanding how these areas compare with Scranton provides valuable insights into the varying tax landscape across Bowman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Scranton Tax Rate
0.73%
Average Bowman County Tax Rate
1.18%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scranton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58653 | 0.68% | 0.72% | 0.73% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Scranton, North Dakota
In Scranton, 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 Bowman 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 Scranton, 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 Scranton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Bowman County is $392.00 in the zip code 58653, which is also the lowest median tax bill in the county.
Average Scranton Assessed Value
$42,930
Average Bowman County Assessed Value
$37,604
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Scranton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58653 | $3,200 | $11,826 | $42,930 | $60,932 | $160,314 |
Source: Ownwell
Property Tax Bills Across Scranton, North Dakota
In Scranton, located in Bowman County, ND, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Scranton is $42,930, and property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. Homeowners in Scranton can expect varying tax bills, with the 25th percentile paying around $109 and the 75th percentile paying approximately $583. For those at the 90th percentile, the tax bill can reach up to $1,588. This range illustrates the impact of property values and tax rates on individual tax obligations. Compared to the national median property tax rate of 0.99%, Scranton's tax bills reflect the region's specific economic conditions and property values. Understanding these factors helps homeowners anticipate their annual property tax expenses and plan their finances accordingly.
Average Scranton Tax Bill
$392
Average Bowman County Tax Bill
$342
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Scranton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58653 | $33 | $109 | $392 | $583 | $1,588 |
Source: Ownwell