Reeder, North Dakota Property Taxes
The median property tax rate in Reeder, ND is 0.98%, slightly below the national median of 0.99% and significantly lower than the North Dakota state median of 1.30%. With the median home value in Reeder at $90,050, the typical annual property tax bill amounts to $859, which is well below the national median of $2,690. Property taxes in Reeder are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Reeder'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 Reeder 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
Reeder, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$882
Ownwell’s Reeder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reeder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reeder 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 Reeder, North Dakota
Property taxes in Reeder, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reeder is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Reeder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reeder 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 Reeder's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58649 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Reeder provides valuable insights into the varying tax landscape across Hettinger County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reeder Tax Rate
0.98%
Average Hettinger County Tax Rate
1.52%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reeder, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58649 | 0.91% | 0.94% | 0.98% | 1.02% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Reeder, North Dakota
In Reeder, 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 Hettinger 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 Reeder, 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. The median home price in Reeder is $90,050, with the 25th percentile tax bill at $766 and the 75th percentile tax bill at $951. The highest and lowest median tax bills are both $859 in the 58649 zip code. Understanding these valuation concepts helps property owners better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Reeder Assessed Value
$90,050
Average Hettinger County Assessed Value
$69,100
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Reeder, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58649 | $68,730 | $76,725 | $90,050 | $103,375 | $111,370 |
Source: Ownwell
Property Tax Bills Across Reeder, North Dakota
In Reeder, located in Hettinger County, ND, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in Reeder is $90,050, and the property tax rate is an essential factor in determining the final tax bill. The tax bill is influenced by the assessed value, which is a percentage of the market value assigned by the local tax assessor. Homeowners in Reeder can expect varying tax bills, with the 25th percentile tax bill at $766, the 75th percentile at $951, and the 90th percentile reaching $1007. This range indicates that while some homeowners may pay less, others might face higher tax bills based on their property's assessed value and specific circumstances. The highest and lowest median tax bills are both $859, found in zip code 58649, which highlights a relatively consistent tax environment in the area. Compared to the national median property tax rate of 0.99%, Reeder's tax rate provides a benchmark for understanding local tax obligations and how they affect homeowners financially.
Average Reeder Tax Bill
$859
Average Hettinger County Tax Bill
$1,090
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Reeder, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58649 | $711 | $766 | $859 | $951 | $1,007 |
Source: Ownwell