Moffit, North Dakota Property Taxes
The median property tax rate in Moffit, ND is 0.55%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Moffit, the typical annual property tax bill amounts to $290, far below the national median of $2,690. Property taxes in Moffit are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Moffit'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 Moffit or elsewhere in Burleigh County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moffit, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$277
Ownwell’s Moffit Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moffit with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moffit 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 Moffit, North Dakota
Property taxes in Moffit, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moffit is 0.55%, significantly lower than the U.S. national median of 0.99%. Local government entities within Moffit set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moffit 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 Moffit's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58560 has both the highest and lowest median property tax rate of 0.55%. Understanding how these areas compare with Moffit 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 Moffit Tax Rate
0.55%
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 Moffit, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58560 | 0.54% | 0.54% | 0.55% | 0.60% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Moffit, North Dakota
In Moffit, 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 Moffit, 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 Moffit is $290 in zip code 58560, which aligns with the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moffit Assessed Value
$50,300
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 Moffit, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58560 | $9,720 | $21,300 | $50,300 | $87,400 | $162,100 |
Source: Ownwell
Property Tax Bills Across Moffit, North Dakota
In Moffit, Burleigh County, ND, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $50,300. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Moffit, tax bills can vary significantly. The 25th percentile of tax bills is around $116, while the 75th percentile reaches $491. The 90th percentile can go as high as $942. This range indicates how different factors and property values can impact the amount owed. When compared to the national median property tax rate of 0.99%, property tax bills in Moffit can be relatively lower, offering some financial relief to homeowners. However, it's crucial for property owners to understand how their assessed values are determined to anticipate their annual tax obligations accurately.
Average Moffit Tax Bill
$290
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 Moffit, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58560 | $58 | $116 | $290 | $491 | $942 |
Source: Ownwell