Emerado, North Dakota Property Taxes
The median property tax rate in Emerado, ND is 1.09%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With a median home value of $113,250 in Emerado, the typical annual property tax bill amounts to $1,184, which is below the national median of $2,690. Property taxes in Emerado are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Emerado'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 Emerado or another part of Grand Forks County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Emerado, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,234
Ownwell’s Emerado Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Emerado with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Emerado 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 Emerado, North Dakota
Property taxes in Emerado, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Emerado is 1.09%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Emerado set these rates annually, and they can vary significantly across different neighborhoods. Each year, Emerado 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 Emerado's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58228 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Emerado provides valuable insights into the varying tax landscape across Grand Forks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Emerado Tax Rate
1.09%
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 Emerado, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58228 | 0.98% | 1.00% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Emerado, North Dakota
In Emerado, 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 Assessor 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 Emerado, 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 Emerado helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,184.00, found in zip code 58228.
Average Emerado Assessed Value
$113,250
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 Emerado, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58228 | $47,690 | $81,725 | $113,250 | $152,150 | $213,320 |
Source: Ownwell
Property Tax Bills Across Emerado, North Dakota
Property tax bills in Emerado, located in Grand Forks County, ND, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $113,250, homeowners in Emerado can expect tax bills that vary significantly. At the 25th percentile, the tax bill is around $776, while at the 75th percentile, it rises to about $1,615. The highest tax bills, found at the 90th percentile, can reach up to $2,417. These tax bills directly impact homeowners by influencing their annual housing costs. Compared to the national median property tax rate of 0.99%, the property taxes in Emerado may seem relatively moderate, but they can still represent a significant financial consideration for residents. Understanding these factors is crucial for homeowners to budget effectively and plan for their financial future.
Average Emerado Tax Bill
$1,184
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 Emerado, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58228 | $396 | $776 | $1,184 | $1,615 | $2,417 |
Source: Ownwell