Ryder, North Dakota Property Taxes
The median property tax rate in Ryder, ND is 1.00%, slightly above the national median of 0.99% but below the North Dakota state median of 1.30%. With the median home value in Ryder at $151,000, the typical annual property tax bill amounts to $1,501, which is lower than the national median of $2,690. Property taxes in Ryder are calculated based on the assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Ryder'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 Ryder or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ryder, 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 Ryder Property Tax Bill Calculator is designed to help homeowners, real estate investors, and potential property owners estimate their annual property taxes in Ryder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ryder to provide an estimated tax bill. This useful tool offers a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Ryder, North Dakota
Property taxes in Ryder, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ryder is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Ryder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ryder 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 Ryder's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58779 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Ryder 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 Ryder Tax Rate
1.00%
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 Ryder, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58779 | 0.84% | 0.87% | 1.00% | 1.05% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Ryder, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ryder, North Dakota. 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. 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 Ryder helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 58779 has the highest and lowest median tax bill at $1501, providing a reference point for property tax expectations in the area.
Average Ryder Assessed Value
$151,000
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 Ryder, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58779 | $51,700 | $87,500 | $151,000 | $189,500 | $255,400 |
Source: Ownwell
Property Tax Bills Across Ryder, North Dakota
In Ryder, located in Ward County, ND, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Ryder, the median home price is $151,000. The 25th percentile tax bill is $1,183, while the 75th percentile tax bill is $1,843, and the 90th percentile reaches up to $2,319. These figures illustrate the range of property tax burdens homeowners might face depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Ryder's property tax rates can vary significantly, impacting homeowners differently across the spectrum. Understanding these factors is crucial for homeowners as property taxes represent a significant portion of annual housing costs, influencing overall affordability and financial planning.
Average Ryder Tax Bill
$1,501
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 Ryder, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58779 | $543 | $1,183 | $1,501 | $1,843 | $2,319 |
Source: Ownwell