Dazey, North Dakota Property Taxes
The median property tax rate in Dazey, ND is 0.94%, which is slightly lower than the national median of 0.99% but still below the North Dakota state median of 1.30%. With a median home value of $106,121 in Dazey, the typical annual property tax bill amounts to $1,022, which is significantly lower than the national median of $2,690. Property taxes in Dazey are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Dazey'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 Dazey or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dazey, 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 Dazey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dazey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dazey 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 Dazey, North Dakota
Property taxes in Dazey, North Dakota, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dazey is 0.94%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Dazey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dazey 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 Dazey's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58429 zip code has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with Dazey provides valuable insights into the varying tax landscape across Griggs County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dazey Tax Rate
0.94%
Average Griggs County Tax Rate
0.91%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dazey, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58429 | 0.91% | 0.91% | 0.94% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Dazey, North Dakota
In Dazey, 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 Griggs County Assessor's Office 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 Dazey, 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 Dazey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 58429, with a median tax bill of $1,022.
Average Dazey Assessed Value
$106,121
Average Griggs County Assessed Value
$68,520
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dazey, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58429 | $30,773 | $62,012 | $106,121 | $137,787 | $146,627 |
Source: Ownwell
Property Tax Bills Across Dazey, North Dakota
In Dazey, located in Griggs County, ND, property tax bills are determined by assessing the market value of a home and applying the local tax rate. For homeowners, this means their tax bill is a direct reflection of their property's assessed value. The median home price in Dazey is $106,121, and the property tax rate is applied to this value to calculate the annual tax obligation. Factors such as property size, location, and improvements can influence the assessed value. In Griggs County, the property tax bills range significantly, with the 25th percentile at $595 and the 75th percentile reaching $1,310. The 90th percentile tax bill is $1,361, indicating that higher-value properties contribute more significantly to local revenues. Understanding these factors is crucial for homeowners, as property taxes represent a significant annual expense. With the national median property tax rate at 0.99%, Dazey's property tax rates provide a benchmark for comparison, helping homeowners gauge their tax liabilities relative to national averages.
Average Dazey Tax Bill
$1,022
Average Griggs County Tax Bill
$614
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Dazey, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58429 | $292 | $595 | $1,022 | $1,310 | $1,361 |
Source: Ownwell