Tioga, North Dakota Property Taxes
The median property tax rate in Tioga, ND is 0.73%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $142,990 in Tioga, the typical annual property tax bill amounts to $1,058, which is below the national median of $2,690. Property taxes in Tioga are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tioga'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 Tioga 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
Tioga, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,044
Ownwell’s Tioga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tioga with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tioga 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 Tioga, North Dakota
Property taxes in Tioga, ND, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Tioga is 0.73%, lower than the U.S. national median of 0.99%. Local government entities within Tioga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tioga 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 Tioga's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58852 zip code has the highest median property tax rate of 0.73%, while the 58852 zip code also has the lowest median tax rate of 0.73%. Understanding how these cities compare with Tioga provides valuable insights into the varying tax landscape across Williams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tioga Tax Rate
0.73%
Average Williams County Tax Rate
0.85%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tioga, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58852 | 0.48% | 0.51% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Tioga, North Dakota
In Tioga, 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 Williams 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 Tioga, 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 Tioga helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 58852 has the highest and lowest median tax bill, both at $1,058.
Average Tioga Assessed Value
$142,990
Average Williams County Assessed Value
$213,050
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tioga, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58852 | $24,900 | $84,150 | $142,990 | $209,755 | $292,834 |
Source: Ownwell
Property Tax Bills Across Tioga, North Dakota
In Tioga, located in Williams County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Various factors, including the property's size, location, and condition, influence this assessed value. Once the assessed value is established, local tax rates are applied to calculate the annual property tax bill. Homeowners in Tioga can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is around $785, while the 75th percentile reaches $1,538, and those in the 90th percentile may see bills as high as $2,078. These property taxes fund essential community services such as schools, public safety, and infrastructure. Comparatively, Tioga's property tax rate is competitive when measured against the national median property tax rate of 0.99%, providing a balanced fiscal environment for homeowners.
Average Tioga Tax Bill
$1,058
Average Williams County Tax Bill
$2,001
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Tioga, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58852 | $529 | $785 | $1,058 | $1,538 | $2,078 |
Source: Ownwell