Fairdale, North Dakota Property Taxes
The median property tax rate in Fairdale, ND is 0.96%, slightly below the national median of 0.99% but significantly lower than the North Dakota state median of 1.30%. With a median home value of $150,700 in Fairdale, the typical annual property tax bill amounts to $1,446, which is well below the national median of $2,690. Property taxes in Fairdale are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Fairdale'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 Fairdale or another part of Cavalier County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fairdale, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,447
Ownwell’s Fairdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fairdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fairdale 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 Fairdale, North Dakota
Property taxes in Fairdale, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fairdale is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Fairdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fairdale 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 Fairdale's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58229 zip code has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these cities compare with Fairdale provides valuable insights into the varying tax landscape across Cavalier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fairdale Tax Rate
0.96%
Average Cavalier County Tax Rate
0.99%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fairdale, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58229 | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Fairdale, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fairdale, North Dakota. 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 Cavalier 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 Fairdale, 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 Fairdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fairdale are both $1,446, found in the 58229 zip code.
Average Fairdale Assessed Value
$150,700
Average Cavalier County Assessed Value
$90,150
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fairdale, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58229 | $150,700 | $150,700 | $150,700 | $150,700 | $150,700 |
Source: Ownwell
Property Tax Bills Across Fairdale, North Dakota
In Fairdale, located in Cavalier County, ND, property tax bills are calculated based on the assessed value of a property. This assessed value is determined by local assessors who evaluate various factors such as the property's market value, location, and any improvements made. Once the assessed value is established, the tax rate is applied to calculate the annual property tax bill. For homeowners in Fairdale, the median home price stands at $150,700, and the median property tax bill is $1,446. This tax bill is consistent across different percentiles, indicating a uniform tax rate application. Compared to the national median property tax rate of 0.99%, Fairdale's rate results in a relatively moderate tax burden for homeowners. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. While the tax bill can impact a homeowner's annual expenses, it also contributes to the overall well-being and development of the community. Understanding how these taxes are calculated can help homeowners better manage their finances and plan for future expenses.
Average Fairdale Tax Bill
$1,446
Average Cavalier County Tax Bill
$1,068
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Fairdale, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58229 | $1,446 | $1,446 | $1,446 | $1,446 | $1,446 |
Source: Ownwell