Sentinel Butte, North Dakota Property Taxes
The median property tax rate in Sentinel Butte, ND is 0.71%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $137,900 in Sentinel Butte, the typical annual property tax bill is $975, which is below the national median of $2,690. Property taxes in Sentinel Butte are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sentinel Butte'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 Sentinel Butte 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
Sentinel Butte, 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 Sentinel Butte Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sentinel Butte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sentinel Butte 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 Sentinel Butte, North Dakota
Property taxes in Sentinel Butte, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sentinel Butte is 0.71%, lower than the U.S. national median of 0.99%. Local government entities within Sentinel Butte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sentinel Butte 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 Sentinel Butte's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58654 zip code has both the highest and lowest median property tax rate of 0.71%. Understanding how these areas compare with Sentinel Butte provides valuable insights into the varying tax landscape across Golden Valley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sentinel Butte Tax Rate
0.71%
Average Golden Valley County Tax Rate
0.88%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sentinel Butte, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58654 | 0.67% | 0.71% | 0.71% | 0.75% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Sentinel Butte, North Dakota
In Sentinel Butte, 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 Golden Valley 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 Sentinel Butte, 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 Sentinel Butte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 58654, with a median tax bill of $975.
Property Tax Assessment Values Across Sentinel Butte, North Dakota
Source: Ownwell
$35,200
$86,550
$137,900
Average Sentinel Butte Assessed Value
$137,900
Average Golden Valley County Assessed Value
$96,800
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sentinel Butte, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58654 | $72,860 | $126,450 | $137,900 | $209,850 | $338,280 |
Source: Ownwell
Property Tax Bills Across Sentinel Butte, North Dakota
Property tax bills in Sentinel Butte, located in Golden Valley County, ND, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies an assessment ratio. In Sentinel Butte, the median home price is $137,900. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property improvements, market conditions, and any applicable exemptions. Homeowners in Sentinel Butte can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is $897, while the 75th percentile tax bill reaches $1,570. At the 90th percentile, homeowners might see bills as high as $2,670. These figures highlight the range of property tax obligations within the city, affecting homeowners differently based on their property values and specific circumstances. Compared to the national median property tax rate of 0.99%, Sentinel Butte's property tax rates are relatively moderate, providing a balanced financial environment for homeowners.
Average Sentinel Butte Tax Bill
$975
Average Golden Valley County Tax Bill
$829
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Sentinel Butte, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58654 | $513 | $897 | $975 | $1,570 | $2,670 |
Source: Ownwell