Rolette, North Dakota Property Taxes
The median property tax rate in Rolette, ND is 1.41%, considerably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Rolette being $88,200, the typical annual property tax bill reaches $1,864, which, while lower than the national median of $2,690, still represents a significant expense for homeowners. Property taxes in Rolette are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rolette'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 Rolette 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
Rolette, North Dakota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,600
Ownwell’s Rolette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rolette with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rolette 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 Rolette, North Dakota
Property taxes in Rolette, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rolette is 1.41%, significantly higher than the U.S. national median of 0.99%. Local government entities within Rolette set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rolette 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 Rolette's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58366 has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Rolette provides valuable insights into the varying tax landscape across Rolette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rolette Tax Rate
1.41%
Average Rolette County Tax Rate
1.49%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rolette, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58366 | 1.22% | 1.29% | 1.41% | 1.52% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Rolette, North Dakota
In Rolette, 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 local appraisal authorities 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 Rolette, 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 Rolette helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rolette are both $1,864, found in zip code 58366.
Average Rolette Assessed Value
$88,200
Average Rolette County Assessed Value
$64,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rolette, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58366 | $17,640 | $44,100 | $88,200 | $141,480 | $173,448 |
Source: Ownwell
Property Tax Bills Across Rolette, North Dakota
Property tax bills in Rolette, ND, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is a percentage of the property's market value, and it forms the basis for the annual tax bill. Homeowners in Rolette can expect their tax bills to vary significantly depending on their property's assessed value and the local tax rate. For instance, the median home price in Rolette is $88,200. Property tax bills can range widely, with the 25th percentile tax bill at $1,656 and the 75th percentile tax bill at $2,072. The 90th percentile tax bill goes up to $2,196. These figures indicate that property taxes in Rolette are relatively high compared to the national median property tax rate of 0.99%. Higher property tax bills can impact homeowners by increasing the overall cost of homeownership, making budgeting and financial planning essential. Understanding how these taxes are calculated can help homeowners anticipate their annual expenses and plan accordingly.
Average Rolette Tax Bill
$1,864
Average Rolette County Tax Bill
$820
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Rolette, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58366 | $1,532 | $1,656 | $1,864 | $2,072 | $2,196 |
Source: Ownwell