Dunn Center, North Dakota Property Taxes
The median property tax rate in Dunn Center, ND is 0.70%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Dunn Center at $91,085, the typical annual property tax bill is $634, significantly below the national median of $2,690. Property taxes in Dunn Center are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Dunn Center'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 Dunn Center 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
Dunn Center, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$638
Ownwell’s Dunn Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunn Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunn Center 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 Dunn Center, North Dakota
Property taxes in Dunn Center, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunn Center is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Dunn Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunn Center 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 Dunn Center's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58626 has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Dunn Center provides valuable insights into the varying tax landscape across Dunn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dunn Center Tax Rate
0.70%
Average Dunn County Tax Rate
0.72%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dunn Center, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58626 | 0.61% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Dunn Center, North Dakota
In Dunn Center, 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 Dunn 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 Dunn Center, 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 Dunn Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dunn Center is $91,085, with median tax bills ranging from $303 at the 25th percentile to $1,356 at the 90th percentile. The highest and lowest median tax bills are both found in zip code 58626, at $634.
Property Tax Assessment Values Across Dunn Center, North Dakota
Source: Ownwell
$34,205
$170,178
$306,150
Average Dunn Center Assessed Value
$91,085
Average Dunn County Assessed Value
$119,040
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dunn Center, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58626 | $21,152 | $43,055 | $91,085 | $141,080 | $207,923 |
Source: Ownwell
Property Tax Bills Across Dunn Center, North Dakota
Property tax bills in Dunn Center, located in Dunn County, ND, are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is a percentage of the property's market value. Homeowners in Dunn Center typically see a range of tax bills, with the 25th percentile at $303 and the 75th percentile at $987, while the 90th percentile reaches up to $1,356. The median home price in the area is $91,085, which influences the overall tax bill. Factors such as property size, location, and improvements play a significant role in determining the assessed value. For instance, a higher assessed value results in a higher property tax bill. The highest and lowest median tax bills in the area both stand at $634, within the zip code 58626. Comparatively, the national median property tax rate is 0.99%, making Dunn Center's tax rates relatively moderate. This system ensures that property taxes are proportional to the value of the property, affecting homeowners' annual financial planning.
Average Dunn Center Tax Bill
$634
Average Dunn County Tax Bill
$774
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunn Center, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58626 | $146 | $303 | $634 | $987 | $1,356 |
Source: Ownwell