Crosby, North Dakota Property Taxes
The median property tax rate in Crosby, ND is 1.04%, slightly higher than the national median of 0.99% but lower than North Dakota's state median of 1.30%. With the median home value in Crosby at $104,800, the typical annual property tax bill reaches $1,100, which is below the national median of $2,690. Property taxes in Crosby 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 Crosby'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 Crosby 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
Crosby, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,090
Ownwell’s Crosby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crosby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crosby 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 Crosby, North Dakota
Property taxes in Crosby, North Dakota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crosby is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Crosby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crosby 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 Crosby's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58730 has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Crosby provides valuable insights into the varying tax landscape across Divide County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crosby Tax Rate
1.04%
Average Divide County Tax Rate
1.04%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crosby, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58730 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Crosby, North Dakota
In Crosby, 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 Divide 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 Crosby, 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. The median home price in Crosby is $104,800, with tax bills ranging from $608 at the 25th percentile to $1,699 at the 90th percentile. 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 Crosby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crosby Assessed Value
$104,800
Average Divide County Assessed Value
$81,050
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crosby, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58730 | $37,660 | $56,150 | $104,800 | $135,350 | $163,080 |
Source: Ownwell
Property Tax Bills Across Crosby, North Dakota
In Crosby, located in Divide County, ND, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and is a percentage of the property's market value. For example, with a median home price of $104,800, the assessed value forms the basis for calculating the property tax bill. The tax rate, which is applied to the assessed value, helps determine the final tax amount. Factors influencing the tax bill include the property's location, size, and any improvements made to it. Homeowners in Crosby can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is around $608, while the 75th percentile tax bill reaches $1375. At the 90th percentile, it climbs to approximately $1699. These variations impact homeowners differently, depending on their property's assessed value and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Crosby's rates reflect the unique economic and administrative conditions of the region.
Average Crosby Tax Bill
$1,100
Average Divide County Tax Bill
$884
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Crosby, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58730 | $420 | $608 | $1,100 | $1,375 | $1,699 |
Source: Ownwell