Bisbee, North Dakota Property Taxes
The median property tax rate in Bisbee, ND is 0.90%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Bisbee at $42,600, the typical annual property tax bill is $232, significantly below the national median of $2,690. Property taxes in Bisbee are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bisbee'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 Bisbee 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
Bisbee, 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 Bisbee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bisbee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bisbee 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 Bisbee, North Dakota
Property taxes in Bisbee, 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 Bisbee is 0.90%, slightly lower than the U.S. national median of 0.99%. Local government entities within Bisbee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bisbee 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 Bisbee's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58317 has both the highest and lowest median property tax rate of 0.90%, offering a unique perspective on the uniformity of tax rates within the region. Understanding how these areas compare with Bisbee provides valuable insights into the varying tax landscape across Towner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bisbee Tax Rate
0.90%
Average Towner County Tax Rate
1.52%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bisbee, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58317 | 0.89% | 0.90% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Bisbee, North Dakota
In Bisbee, 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 Towner 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 Bisbee, 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 Bisbee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Towner County are both $232.00, found in zip code 58317.
Average Bisbee Assessed Value
$42,600
Average Towner County Assessed Value
$33,175
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bisbee, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58317 | $15,600 | $25,725 | $42,600 | $44,290 | $45,304 |
Source: Ownwell
Property Tax Bills Across Bisbee, North Dakota
In Bisbee, Towner County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $42,600, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $156 annually, while those in the 75th percentile pay about $309. At the higher end, the 90th percentile tax bill reaches $355. Several factors influence these tax bills, including property size, location, and any applicable exemptions. The local tax rate in Bisbee may be lower compared to the national median property tax rate of 0.99%, which can make homeownership more affordable. However, even slight variations in assessed value or tax rates can significantly impact the overall tax burden for homeowners, making it essential to stay informed and possibly seek adjustments if discrepancies arise.
Average Bisbee Tax Bill
$232
Average Towner County Tax Bill
$453
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Bisbee, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58317 | $110 | $156 | $232 | $309 | $355 |
Source: Ownwell