Reiles Acres, North Dakota Property Taxes
The median property tax rate in Reiles Acres, ND is 1.25%, slightly higher than the national median of 0.99% but below the North Dakota state median of 1.30%. With the median home value in Reiles Acres at $388,450, the typical annual property tax bill reaches $4,884, significantly exceeding the national median of $2,690. Property taxes in Reiles Acres are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Reiles Acres' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Reiles Acres 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
Reiles Acres, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$4,856
Ownwell’s Reiles Acres Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reiles Acres with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reiles Acres 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 Reiles Acres, North Dakota
Property taxes in Reiles Acres, North Dakota, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Reiles Acres is 1.25%, significantly higher than the U.S. national median of 0.99%. Local government entities within Reiles Acres set these rates annually, and they can vary across different neighborhoods. Each year, Reiles Acres estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided 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 Reiles Acres' effective property tax rate to other areas in Cass County and the national median. For comparison, the zip code 58102 has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these areas compare with Reiles Acres provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reiles Acres Tax Rate
1.25%
Average Cass County Tax Rate
1.42%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reiles Acres, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58102 | 1.12% | 1.21% | 1.25% | 1.36% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Reiles Acres, North Dakota
In Reiles Acres, 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 Cass 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 Reiles Acres, 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 Reiles Acres helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Reiles Acres are both $4884, found in the 58102 zip code.
Property Tax Assessment Values Across Reiles Acres, North Dakota
Source: Ownwell
$79,400
$233,925
$388,450
Average Reiles Acres Assessed Value
$388,450
Average Cass County Assessed Value
$223,400
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Reiles Acres, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58102 | $269,450 | $300,725 | $388,450 | $474,875 | $553,900 |
Source: Ownwell
Property Tax Bills Across Reiles Acres, North Dakota
In Reiles Acres, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Reiles Acres, located in Cass County, ND, can expect their property tax bills to vary significantly depending on the value of their homes. For instance, the tax bill at the 25th percentile is $4,117, while at the 75th percentile, it rises to $5,661, and at the 90th percentile, it reaches $6,495. These variations illustrate how different factors such as property size, location, and market conditions can influence the tax bill. The median home price in Reiles Acres is $388,450, which is higher than the national median, resulting in comparatively higher tax bills. Homeowners need to be aware of these factors as they directly impact their annual financial obligations. Understanding how these elements interplay can help homeowners anticipate and manage their property tax expenses more effectively.
Average Reiles Acres Tax Bill
$4,884
Average Cass County Tax Bill
$3,332
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Reiles Acres, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58102 | $3,682 | $4,117 | $4,884 | $5,661 | $6,495 |
Source: Ownwell