Sterling, North Dakota Property Taxes
The median property tax rate in Sterling, ND is 0.53%, 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 Sterling, the typical annual property tax bill reaches $500, significantly below the national median of $2,690. Property taxes in Sterling are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sterling'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 Sterling or another part of Burleigh County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sterling, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$456
Ownwell’s Sterling Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sterling with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sterling 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 Sterling, North Dakota
Property taxes in Sterling, 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 Sterling is 1.22%, significantly higher than both the North Dakota state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Sterling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sterling 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 Sterling's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58572 zip code has the highest median property tax rate of 1.22%, while the same zip code also represents the lowest median tax rate of 1.22%. Understanding how these cities compare with Sterling provides valuable insights into the varying tax landscape across Burleigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sterling Tax Rate
0.53%
Average Burleigh County Tax Rate
1.14%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sterling, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58572 | 0.53% | 0.53% | 0.53% | 0.58% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Sterling, North Dakota
In Sterling, 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 Burleigh 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 Sterling, 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. For example, the tax bill at the 25th percentile is $126, while the tax bill at the 75th percentile is $647. 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 Sterling helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sterling Assessed Value
$85,950
Average Burleigh County Assessed Value
$262,900
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sterling, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58572 | $7,634 | $21,625 | $85,950 | $119,675 | $188,800 |
Source: Ownwell
Property Tax Bills Across Sterling, North Dakota
In Sterling, ND, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value typically represents a percentage of the property's market value. For instance, with a median home price of $85,950 in Sterling, the assessed value is a crucial factor in determining the annual tax bill. Several factors influence the tax bill, including the local tax rate and any applicable exemptions. Sterling's property tax rates are influenced by the needs of the county and local services, such as schools and infrastructure. Homeowners in Sterling can expect varying tax bills, with the 25th percentile at $126 and the 75th percentile at $647. At the higher end, the 90th percentile tax bill reaches $1,043. Compared to the national median property tax rate of 0.99%, Sterling’s rates can be seen as relatively moderate. These tax bills directly impact homeowners by influencing their annual financial planning and overall cost of homeownership.
Average Sterling Tax Bill
$500
Average Burleigh County Tax Bill
$2,929
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Sterling, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58572 | $41 | $126 | $500 | $647 | $1,043 |
Source: Ownwell