Plaza, North Dakota Property Taxes
The median property tax rate in Plaza, ND is 0.97%, slightly below the national median of 0.99% and significantly lower than the North Dakota state median of 1.30%. With the median home value in Plaza at $144,000, the typical annual property tax bill amounts to $1,231, which is notably less than the national median of $2,690. Property taxes in Plaza are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Plaza'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 Plaza 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
Plaza, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,397
-$14,638
Ownwell’s Plaza Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plaza with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plaza 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 Plaza, North Dakota
Property taxes in Plaza, 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 Plaza is 1.20%, higher than both the North Dakota state median of 1.15% and the U.S. national median of 0.99%. Local government entities within Plaza set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plaza 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 Plaza's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58771 ZIP code has the highest median property tax rate of 1.20%, while the same ZIP code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Plaza provides valuable insights into the varying tax landscape across Ward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plaza Tax Rate
0.97%
Average Ward County Tax Rate
1.65%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plaza, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58771 | 0.87% | 0.93% | 0.97% | 1.00% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Plaza, North Dakota
In Plaza, 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 Ward 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 Plaza, 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. The median home price in Plaza is $144,000, with tax bills ranging from $1,060 at the 25th percentile to $2,588 at the 90th percentile. The highest median tax bill in the area is $1,231, found in the zip code 58771. 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 Plaza helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Plaza Assessed Value
$144,000
Average Ward County Assessed Value
$201,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plaza, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58771 | $100,800 | $112,250 | $144,000 | $239,250 | $300,800 |
Source: Ownwell
Property Tax Bills Across Plaza, North Dakota
In PLAZA, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price in this region is $144,000. Local tax assessors determine this value annually, considering factors such as property size, location, and condition. Once the assessed value is established, the local tax rate is applied to calculate your property tax bill. For example, homeowners in PLAZA can expect their tax bills to vary significantly. The 25th percentile tax bill is around $1,060, while the 75th percentile tax bill is approximately $1,760. The highest tax bills, in the 90th percentile, can reach up to $2,588. These figures show a range of potential tax responsibilities, reflecting differences in property values and specific assessment criteria. Compared to the national median property tax rate of 0.99%, homeowners in PLAZA may find their rates relatively manageable. However, these taxes still represent a significant annual expense that can impact household budgets and overall financial planning.
Average Plaza Tax Bill
$1,231
Average Ward County Tax Bill
$2,940
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Plaza, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58771 | $1,010 | $1,060 | $1,231 | $1,760 | $2,588 |
Source: Ownwell