Cayuga, North Dakota Property Taxes
The median property tax rate in Cayuga, ND is 2.08%, significantly higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Cayuga, the typical annual property tax bill reaches $38, which is notably lower than the national median of $2,690. Property taxes in Cayuga 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 Cayuga'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 Cayuga or another part of Sargent County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cayuga, 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 Cayuga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cayuga with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cayuga 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 Cayuga, North Dakota
Property taxes in Cayuga, North Dakota, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Cayuga is 2.08%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cayuga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cayuga 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 Cayuga's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58013 zip code has the highest median property tax rate of 2.08%, while it also has the lowest median tax rate of 2.08%. Understanding how these areas compare with Cayuga provides valuable insights into the varying tax landscape across Sargent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cayuga Tax Rate
2.08%
Average Sargent County Tax Rate
1.49%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cayuga, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58013 | 2.08% | 2.08% | 2.08% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Cayuga, North Dakota
In Cayuga, 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 local 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 Cayuga, 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 Cayuga helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cayuga Assessed Value
$1,802
Average Sargent County Assessed Value
$10,926
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cayuga, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58013 | $1,802 | $1,802 | $1,802 | $1,802 | $1,802 |
Source: Ownwell
Property Tax Bills Across Cayuga, North Dakota
In Cayuga, located in Sargent County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the market value of the property, reflecting factors such as location, size, and condition of the home. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Cayuga, the median home price is $1,802, significantly lower than the national median. Despite the low home values, the tax bills are relatively consistent, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $38. This uniformity suggests a stable tax environment for residents. The impact on homeowners is modest due to the low property values and consistent tax rates, making Cayuga an attractive location for those looking to minimize their property tax burden while still enjoying homeownership.
Average Cayuga Tax Bill
$38
Average Sargent County Tax Bill
$185
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Cayuga, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58013 | $38 | $38 | $38 | $38 | $38 |
Source: Ownwell