Aneta, North Dakota Property Taxes
The median property tax rate in Aneta, ND is 1.02%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With the median home value in Aneta at $230,000, the typical annual property tax bill reaches $2,352, which is below the national median of $2,690. Property taxes in Aneta are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Aneta'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 Aneta 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
Aneta, 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 Aneta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aneta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aneta 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 Aneta, North Dakota
Property taxes in Aneta, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aneta is 1.02%, higher than the U.S. national median of 0.99%. Local government entities within Aneta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aneta 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 Aneta's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58212 zip code has the highest median property tax rate of 1.02%, while the 58212 zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Aneta provides valuable insights into the varying tax landscape across Grand Forks, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aneta Tax Rate
1.02%
Average Grand Forks County Tax Rate
1.49%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aneta, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58212 | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Aneta, North Dakota
In Aneta, 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 Grand Forks 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 Aneta, 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 Aneta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Aneta is $230,000, with both the highest and lowest median tax bills being $2,352, found in the 58212 zip code.
Average Aneta Assessed Value
$230,000
Average Grand Forks County Assessed Value
$201,100
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aneta, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58212 | $230,000 | $230,000 | $230,000 | $230,000 | $230,000 |
Source: Ownwell
Property Tax Bills Across Aneta, North Dakota
In Aneta, located in Grand Forks 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, which evaluates the property's market value and then applies an assessment ratio. This ratio can vary but typically reflects a percentage of the market value. Once the assessed value is established, the local tax rate, known as the mill rate, is applied. This rate is determined by the local government and is used to fund public services such as schools, infrastructure, and emergency services. Homeowners in Aneta can expect a median property tax bill of $2,352, which is significantly higher than the national median property tax rate of 0.99%. Factors such as property improvements, location, and market conditions can influence the assessed value and, consequently, the tax bill. Higher property taxes can affect homeowners by increasing their annual expenses, but they also contribute to the community's overall quality of life through improved public services.
Average Aneta Tax Bill
$2,352
Average Grand Forks County Tax Bill
$2,953
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Aneta, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58212 | $2,352 | $2,352 | $2,352 | $2,352 | $2,352 |
Source: Ownwell