Spiritwood, North Dakota Property Taxes
The median property tax rate in Spiritwood, ND is 1.17%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With a median home value of $103,400 in Spiritwood, the typical annual property tax bill amounts to $1,241, which is below the national median of $2,690. Property taxes in Spiritwood are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Spiritwood'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 Spiritwood or another part of Barnes County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Spiritwood, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,210
Ownwell’s Spiritwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spiritwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spiritwood 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 Spiritwood, North Dakota
Property taxes in Spiritwood, North Dakota, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Spiritwood is 1.17%, which is higher than the U.S. national median of 0.99%. Local government entities within Spiritwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spiritwood 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 Spiritwood's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58481 has both the highest and lowest median property tax rate of 1.17%. Understanding how these cities compare with Spiritwood provides valuable insights into the varying tax landscape across Barnes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Spiritwood Tax Rate
1.17%
Average Barnes County Tax Rate
1.12%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spiritwood, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58481 | 1.07% | 1.12% | 1.17% | 1.17% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Spiritwood, North Dakota
In Spiritwood, 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 Barnes 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 Spiritwood, 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 Spiritwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $103,400, with tax bills ranging from $489 at the 25th percentile to $2,717 at the 90th percentile. The highest and lowest median tax bill in the area is $1,241, both found in the 58481 zip code.
Average Spiritwood Assessed Value
$103,400
Average Barnes County Assessed Value
$86,700
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Spiritwood, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58481 | $2,550 | $39,225 | $103,400 | $172,325 | $230,170 |
Source: Ownwell
Property Tax Bills Across Spiritwood, North Dakota
In Spiritwood, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements made to the property. For example, with a median home price of $103,400, homeowners can expect varying tax bills depending on their property's specific assessed value and the applicable tax rate. The tax bill for homeowners in Spiritwood can range significantly. For instance, the 25th percentile tax bill is around $489, while the 75th percentile reaches up to $2,071. The 90th percentile tax bill is even higher at $2,717. These variations can impact homeowners differently, with higher-valued properties incurring higher tax bills. Compared to the national median property tax rate of 0.99%, Spiritwood's rates reflect the local economic conditions and property values, influencing how much homeowners pay annually.
Average Spiritwood Tax Bill
$1,241
Average Barnes County Tax Bill
$1,027
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Spiritwood, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58481 | $35 | $489 | $1,241 | $2,071 | $2,717 |
Source: Ownwell