Shields, North Dakota Property Taxes
The median property tax rate in Shields, ND is 0.85%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $23,200 in Shields, the typical annual property tax bill is $197, significantly below the national median of $2,690. Property taxes in Shields are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Shields' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Shields 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
Shields, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$197
Ownwell’s SHIELDS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SHIELDS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SHIELDS 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 Shields, North Dakota
Property taxes in Shields, 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 Shields is 1.25%, higher than both the North Dakota state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Shields set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shields 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 Shields' effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58569 zip code has the highest median property tax rate of 1.25%, while the 58569 zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Shields provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shields Tax Rate
0.85%
Average Grant County Tax Rate
0.99%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shields, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58569 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Shields, North Dakota
In Shields, 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 Grant 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 Shields, 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 Shields helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $197, found in the 58569 zip code.
Average Shields Assessed Value
$23,200
Average Grant County Assessed Value
$49,750
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shields, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58569 | $23,200 | $23,200 | $23,200 | $23,200 | $23,200 |
Source: Ownwell
Property Tax Bills Across Shields, North Dakota
In Shields, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Shields is $23,200, and the property tax rate is applied to this value to determine the annual tax bill. The assessed value considers factors such as the home's size, age, location, and condition. Homeowners in Shields can expect a consistent tax bill, with the 25th, 75th, and 90th percentiles all at $197, reflecting a stable tax environment. Compared to the national median property tax rate of 0.99%, Shields offers a relatively low and uniform property tax burden. This stability in tax bills can provide homeowners with predictable annual expenses, making financial planning easier. The highest and lowest median tax bills in the area are both $197, indicating a uniform application of property tax rates across different properties. This consistency helps ensure fairness and transparency in the property tax system, benefiting all homeowners in the community.
Average Shields Tax Bill
$197
Average Grant County Tax Bill
$445
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Shields, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58569 | $197 | $197 | $197 | $197 | $197 |
Source: Ownwell