Abercrombie, North Dakota Property Taxes
The median property tax rate in Abercrombie, ND is 1.10%, 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 $94,200, the typical annual property tax bill in Abercrombie amounts to $1,034, which is below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural use. Understanding Abercrombie'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 Abercrombie or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Abercrombie, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,036
Ownwell’s Abercrombie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abercrombie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abercrombie 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 Abercrombie, North Dakota
Property taxes in Abercrombie, North Dakota, significantly contribute to funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abercrombie is 1.10%, notably higher than the U.S. national median of 0.99%. Local government entities within Abercrombie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abercrombie 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 Abercrombie's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58001 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these areas compare with Abercrombie provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abercrombie Tax Rate
1.10%
Average Richland County Tax Rate
1.58%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abercrombie, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58001 | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Abercrombie, North Dakota
In Abercrombie, 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 Richland 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 Abercrombie, 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 Abercrombie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Abercrombie, the median home price is $94,200, with tax bills ranging from $842 at the 25th percentile to $1,341 at the 90th percentile. The zip code 58001 has both the highest and lowest median tax bill, valued at $1,034.
Property Tax Assessment Values Across Abercrombie, North Dakota
Source: Ownwell
$9,900
$158,900
$307,900
Average Abercrombie Assessed Value
$94,200
Average Richland County Assessed Value
$121,100
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abercrombie, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58001 | $66,200 | $76,700 | $94,200 | $111,700 | $122,200 |
Source: Ownwell
Property Tax Bills Across Abercrombie, North Dakota
Property tax bills in Abercrombie, Richland County, ND, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the market value of the property. In Abercrombie, the median home price is $94,200. Using this assessed value, the tax rate is applied to calculate the annual tax bill. Homeowners in Abercrombie can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $842, while the 75th percentile tax bill reaches $1226. At the 90th percentile, tax bills can go up to $1341. These variations depend on factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Abercrombie's property tax bills are relatively moderate. This system ensures that homeowners contribute fairly to local services and infrastructure, impacting their overall financial planning and homeownership experience.
Average Abercrombie Tax Bill
$1,034
Average Richland County Tax Bill
$1,800
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Abercrombie, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58001 | $726 | $842 | $1,034 | $1,226 | $1,341 |
Source: Ownwell