Braddock, North Dakota Property Taxes
The median property tax rate in Braddock, ND is 0.82%, which is notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Braddock, the typical annual property tax bill amounts to $1,244, well below the national median of $2,690. Property taxes in Braddock are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Braddock's property tax system, exploring available exemptions, and pinpointing opportunities for reductions can result in substantial annual savings. Whether you're residing in Braddock or investing in real estate there, comprehending the local property tax structure will be advantageous.
Last Updated June 14, 2024
Braddock, North Dakota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,600
Ownwell’s Braddock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Braddock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Braddock 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 Braddock, North Dakota
Property taxes in Braddock, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Braddock is 0.82%, lower than the U.S. national median of 0.99%. Local government entities within Braddock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Braddock 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 Braddock's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58524 zip code has the highest median property tax rate of 0.82%, while the 58524 zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Braddock provides valuable insights into the varying tax landscape across Emmons County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Braddock Tax Rate
0.82%
Average Emmons County Tax Rate
0.94%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Braddock, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58524 | 0.79% | 0.80% | 0.82% | 0.83% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Braddock, North Dakota
In Braddock, 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 Emmons 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 Braddock, 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. For instance, the median home price in Braddock is $150,150, with tax bills ranging from $949 at the 25th percentile to $1,716 at the 90th percentile. Notably, the zip code 58524 has both the highest and lowest median tax bill at $1,244. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Braddock Assessed Value
$150,150
Average Emmons County Assessed Value
$50,750
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Braddock, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58524 | $96,430 | $116,575 | $150,150 | $183,725 | $203,870 |
Source: Ownwell
Property Tax Bills Across Braddock, North Dakota
In Braddock, located in Emmons County, ND, property tax bills are calculated based on the assessed value of a home. The median home price in Braddock is $150,150. Local tax assessors determine the assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. Factors influencing the tax bill include the home's market value, local government budgets, and specific exemptions or deductions that may apply. Homeowners in Braddock experience a range of property tax bills. At the 25th percentile, the tax bill is $949, while at the 75th percentile, it reaches $1539. The top 10% of tax bills go up to $1716. These figures highlight how property taxes can vary significantly within the community. Compared to the national median property tax rate of 0.99%, Braddock's property tax rates can be considered relatively moderate. This variation impacts homeowners differently, potentially affecting their financial planning and the overall affordability of owning a home in Braddock.
Average Braddock Tax Bill
$1,244
Average Emmons County Tax Bill
$487
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Braddock, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58524 | $771 | $949 | $1,244 | $1,539 | $1,716 |
Source: Ownwell