Chaffee, North Dakota Property Taxes
The median property tax rate in Chaffee, ND is 0.88%, lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Chaffee at $93,700, the typical annual property tax bill amounts to $826, which is below the national median of $2,690. Property taxes in Chaffee are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Chaffee'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 Chaffee or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chaffee, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$825
Ownwell’s Chaffee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chaffee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chaffee 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 Chaffee, North Dakota
Property taxes in Chaffee, North Dakota, are essential for funding critical local services like public schools, road maintenance, and emergency services. The median tax rate in Chaffee is 0.88%, which is below the U.S. national median of 0.99%. Local government entities in Chaffee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chaffee 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 Chaffee's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58079 has both the highest and lowest median property tax rate in the region at 0.88%. Understanding how these areas compare with Chaffee provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chaffee Tax Rate
0.88%
Average Cass County Tax Rate
1.42%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chaffee, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58079 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Chaffee, North Dakota
In Chaffee, 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 Cass 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 Chaffee, 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. The median home price in Chaffee is $93,700, with the highest and lowest median tax bills both being $826, located in the 58079 zip code. 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 Chaffee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chaffee Assessed Value
$93,700
Average Cass County Assessed Value
$223,400
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chaffee, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58079 | $93,700 | $93,700 | $93,700 | $93,700 | $93,700 |
Source: Ownwell
Property Tax Bills Across Chaffee, North Dakota
In Chaffee, located in Cass County, ND, property tax bills are calculated based on the assessed value of the property. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $93,700, the property tax bill is determined by applying the local tax rate to this assessed value. Factors such as local government budgets, school district funding, and public services significantly influence the tax rate. Homeowners in Chaffee pay a median property tax bill of $826, which is considerably lower than the national median property tax rate of 0.99%. This lower tax burden can be beneficial for homeowners by reducing their overall housing costs, making homeownership more affordable. However, it's important to remember that property taxes fund essential services like education, infrastructure, and emergency services, which directly impact the quality of life in the community. Understanding how these taxes are calculated can help homeowners better plan their finances and advocate for fair taxation policies.
Average Chaffee Tax Bill
$826
Average Cass County Tax Bill
$3,332
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Chaffee, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58079 | $826 | $826 | $826 | $826 | $826 |
Source: Ownwell