Cavalier, North Dakota Property Taxes
The median property tax rate in Cavalier, ND is 1.07%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With a median home value of $41,780, the typical annual property tax bill in Cavalier is $504, which is significantly below the national median of $2,690. Property taxes in Cavalier are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Cavalier's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cavalier 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
Cavalier, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$447
Ownwell’s Cavalier Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to accurately estimate their annual property taxes in Cavalier. By simply inputting your property's estimated assessed value, the calculator utilizes the median tax rate in Cavalier to provide an estimated property tax bill. This valuable insight aids in understanding your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value, determined by Pembina County, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Cavalier, North Dakota
Property taxes in Cavalier, ND, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cavalier is 1.07%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cavalier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cavalier 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 Cavalier's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58220 zip code has both the highest and lowest median property tax rate of 1.07%. Understanding how these areas compare with Cavalier provides valuable insights into the varying tax landscape across Pembina County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cavalier Tax Rate
1.07%
Average Pembina County Tax Rate
1.35%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cavalier, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58220 | 0.93% | 0.98% | 1.07% | 1.62% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across Cavalier, North Dakota
In Cavalier, 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 Pembina 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 Cavalier, 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 Cavalier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 58220 has the highest and lowest median tax bill at $504, highlighting the importance of understanding these processes.
Average Cavalier Assessed Value
$41,780
Average Pembina County Assessed Value
$40,468
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cavalier, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58220 | $13,703 | $27,180 | $41,780 | $51,445 | $73,245 |
Source: Ownwell
Property Tax Bills Across Cavalier, North Dakota
In Cavalier, Pembina County, ND, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. For instance, with a median home price of $41,780, the assessed value is determined by local tax assessors. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property improvements, neighborhood developments, and local government budgets can influence the assessed value. Homeowners in Cavalier experience a range of property tax bills. The 25th percentile tax bill is $364, while the 75th percentile reaches $986, and the 90th percentile can go up to $1,340. These variations reflect differences in property values and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Cavalier's property taxes can be considered relatively moderate, helping homeowners manage their annual financial obligations while contributing to community services and infrastructure.
Average Cavalier Tax Bill
$504
Average Pembina County Tax Bill
$568
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Cavalier, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58220 | $131 | $364 | $504 | $986 | $1,340 |
Source: Ownwell