Jud, North Dakota Property Taxes
The median property tax rate in JUD, ND is 0.93%, 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 JUD at $132,500, the typical annual property tax bill is $1,226, well below the national median of $2,690. Property taxes in JUD are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding JUD'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 JUD 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
Jud, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,232
Ownwell’s JUD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in JUD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in JUD 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 Jud, North Dakota
Property taxes in JUD, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in JUD is 0.93%, slightly lower than the U.S. national median of 0.99%. Local government entities within JUD set these rates annually, and they can vary significantly across different neighborhoods. Each year, JUD 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 JUD's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58454 has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with JUD provides valuable insights into the varying tax landscape across LaMoure County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jud Tax Rate
0.93%
Average Lamoure County Tax Rate
1.44%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jud, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58454 | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Jud, North Dakota
In JUD, 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 LaMoure 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 JUD, 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 JUD helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 58454 has the highest and lowest median tax bill, both at $1,226, reflecting a consistent tax landscape across the area.
Average Jud Assessed Value
$132,500
Average Lamoure County Assessed Value
$62,200
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jud, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58454 | $132,500 | $132,500 | $132,500 | $132,500 | $132,500 |
Source: Ownwell
Property Tax Bills Across Jud, North Dakota
In JUD, located in LaMoure County, ND, property tax bills are calculated based on the assessed value of a property, which is derived from its market value. The median home price in JUD is $132,500. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For homeowners in JUD, the median property tax bill is $1,226, which is notably higher than the national median property tax rate of 0.99%. This amount remains consistent across various percentiles, reflecting a stable tax environment within the city. Understanding how property taxes are calculated is crucial for homeowners as it directly impacts their annual financial obligations. High property taxes can affect overall affordability and long-term financial planning. By being aware of these factors, homeowners can better prepare for their tax responsibilities and make informed decisions about their properties.
Average Jud Tax Bill
$1,226
Average Lamoure County Tax Bill
$960
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Jud, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58454 | $1,226 | $1,226 | $1,226 | $1,226 | $1,226 |
Source: Ownwell