Arena, North Dakota Property Taxes
The median property tax rate in Arena, ND is 0.74%, which is notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $66,400 in Arena, the typical annual property tax bill is $454, significantly below the national median of $2,690. Property taxes in Arena are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Arena'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 Arena 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
Arena, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$491
Ownwell’s ARENA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ARENA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ARENA 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 Arena, North Dakota
Property taxes in Arena, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arena is 0.74%, lower than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Arena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arena 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 Arena's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58494 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Arena provides valuable insights into the varying tax landscape across Burleigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arena Tax Rate
0.74%
Average Burleigh County Tax Rate
1.14%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arena, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58494 | 0.69% | 0.71% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Arena, North Dakota
In ARENA, 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 Burleigh 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 ARENA, 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. For instance, the highest median tax bill in ARENA is $454 in the 58494 zip code, while the lowest median tax bill is also $454 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arena Assessed Value
$66,400
Average Burleigh County Assessed Value
$262,900
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arena, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58494 | $27,280 | $41,950 | $66,400 | $69,700 | $71,680 |
Source: Ownwell
Property Tax Bills Across Arena, North Dakota
In ARENA, located in Burleigh County, ND, property tax bills are calculated based on the assessed value of a home. The median home price in the area stands at $66,400. Property tax rates in ARENA are influenced by various factors, including local government budgets, school funding needs, and public services. Homeowners in ARENA can expect their tax bills to fall within a range, with the 25th percentile at $291 and the 75th percentile at $496. The tax bill at the 90th percentile reaches up to $521, indicating that some homeowners might face higher taxes depending on their property's assessed value and specific circumstances. The property tax rate in ARENA is slightly lower than the national median property tax rate of 0.99%, making it relatively more affordable for homeowners. This lower tax rate can be beneficial for residents, potentially reducing the financial burden associated with homeownership. Understanding these factors helps homeowners in ARENA anticipate their property tax obligations and plan their finances accordingly.
Average Arena Tax Bill
$454
Average Burleigh County Tax Bill
$2,929
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Arena, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58494 | $194 | $291 | $454 | $496 | $521 |
Source: Ownwell