Arnegard, North Dakota Property Taxes
The median property tax rate in Arnegard, ND is 0.80%, which is notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Arnegard at $207,245, the typical annual property tax bill is approximately $1,350, falling well below the national median of $2,690. Property taxes in Arnegard are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. By gaining a thorough understanding of Arnegard's property tax system, exploring available exemptions, and identifying potential opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Arnegard or another part of the city, being well-versed in the local property tax system is invaluable for financial planning and investment strategies.
Last Updated June 14, 2024
Arnegard, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,658
Ownwell’s Arnegard Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Arnegard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arnegard 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 Arnegard, North Dakota
Property taxes in Arnegard, 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 Arnegard is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Arnegard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arnegard 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 Arnegard's effective property tax rate to other areas in McKenzie County and the national median. For comparison, the zip code 58835 has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with Arnegard provides valuable insights into the varying tax landscape across McKenzie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arnegard Tax Rate
0.80%
Average Mckenzie County Tax Rate
0.83%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arnegard, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58835 | 0.49% | 0.49% | 0.80% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Arnegard, North Dakota
In Arnegard, 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 McKenzie 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 Arnegard, 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 Arnegard 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 reported at $1,350, corresponding to the zip code 58835.
Average Arnegard Assessed Value
$207,245
Average Mckenzie County Assessed Value
$163,270
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arnegard, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58835 | $53,775 | $116,348 | $207,245 | $242,480 | $291,923 |
Source: Ownwell
Property Tax Bills Across Arnegard, North Dakota
In Arnegard, property tax bills are calculated based on the assessed value of a home, which is determined by the McKenzie County assessor's office. This assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. Homeowners in Arnegard face a median property tax bill of $1,350, with the 25th percentile paying around $693 and those in the 75th percentile paying up to $1,860. The highest bills in the 90th percentile reach approximately $2,037. Various factors influence the tax bill, including property size, location, and condition. These elements contribute to the overall assessed value, which is then multiplied by the local tax rate to determine the final tax bill. The median home price in Arnegard is $207,245, and with the national median property tax rate at 0.99%, homeowners may find their tax bills slightly higher or lower depending on specific property characteristics. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners' annual financial planning.
Average Arnegard Tax Bill
$1,350
Average Mckenzie County Tax Bill
$1,120
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Arnegard, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58835 | $278 | $693 | $1,350 | $1,860 | $2,037 |
Source: Ownwell