New Rockford, North Dakota Property Taxes
The median property tax rate in New Rockford, ND is 1.58%, significantly higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in New Rockford at $21,100, the typical annual property tax bill is $306, which is below the national median of $2,690. Property taxes in New Rockford are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding New Rockford'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 New Rockford 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
New Rockford, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$333
Ownwell’s New Rockford Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in New Rockford. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in New Rockford to provide an accurate estimate of your property tax bill. This tool is essential for understanding your potential tax liabilities and planning your finances accordingly. For those interested in more granular insights, you can explore trends on a neighborhood level to get localized information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across New Rockford, North Dakota
Property taxes in New Rockford, 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 New Rockford is 1.58%, significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within New Rockford set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Rockford 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 New Rockford's effective property tax rate to other counties in North Dakota and the national median. For comparison, the highest and lowest median property tax rates in Eddy County are both 1.58%, indicating a uniform tax rate across the region. Understanding how these cities compare with New Rockford provides valuable insights into the varying tax landscape across Eddy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Rockford Tax Rate
1.58%
Average Eddy County Tax Rate
1.58%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Rockford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58356 | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across New Rockford, North Dakota
In New Rockford, 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 Eddy 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 New Rockford, 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 New Rockford is $21,100, with property tax bills ranging from $243 at the 25th percentile to $623 at the 90th percentile. The highest and lowest median tax bills are both $306, found in zip code 58356. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across New Rockford, North Dakota
Source: Ownwell
$21,100
$99,400
$177,700
Average New Rockford Assessed Value
$21,100
Average Eddy County Assessed Value
$36,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Rockford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58356 | $10,300 | $16,500 | $21,100 | $38,025 | $48,150 |
Source: Ownwell
Property Tax Bills Across New Rockford, North Dakota
In New Rockford, located in Eddy County, ND, property tax bills are calculated based on the assessed value of a home, which is often a percentage of its market value. For example, with a median home price of $21,100, the property tax rate is applied to determine the annual tax bill. The tax rate in this area is relatively low compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value and the local tax rate. Homeowners in New Rockford can expect their property tax bills to vary, with the 25th percentile at $243 and the 75th percentile at $592. At the 90th percentile, the tax bill can reach up to $623. The highest median tax bill recorded in the area is $306, which is consistent across the zip code 58356. This relatively low tax burden can be beneficial for homeowners, offering them more financial flexibility compared to regions with higher property tax rates.
Average New Rockford Tax Bill
$306
Average Eddy County Tax Bill
$348
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across New Rockford, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58356 | $158 | $243 | $306 | $592 | $623 |
Source: Ownwell