Ross, North Dakota Property Taxes
The median property tax rate in Ross, ND is 0.61%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Ross, the typical annual property tax bill reaches $890, which is well below the national median of $2,690. Property taxes in Ross are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ross's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ross 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
Ross, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$918
Ownwell’s Ross Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ross with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ross 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 Ross, North Dakota
Property taxes in Ross, North Dakota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ross is 0.61%, which is lower than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Ross set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ross 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 Ross's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58776 has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Ross provides valuable insights into the varying tax landscape across Mountrail County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ross Tax Rate
0.61%
Average Mountrail County Tax Rate
0.60%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ross, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58776 | 0.42% | 0.58% | 0.61% | 0.62% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Ross, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ross, North Dakota. 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 Mountrail 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 Ross, 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 Ross is $150,500, with tax bills ranging from $651 at the 25th percentile to $1,890 at the 90th percentile. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ross Assessed Value
$150,500
Average Mountrail County Assessed Value
$139,300
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ross, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58776 | $56,730 | $102,675 | $150,500 | $237,875 | $333,680 |
Source: Ownwell
Property Tax Bills Across Ross, North Dakota
In Ross, located in Mountrail County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Ross, the median home price is $150,500. The tax bills in this area vary significantly, with the 25th percentile at $651 and the 75th percentile at $1,333. Those in the 90th percentile can see tax bills as high as $1,890. Factors influencing these tax bills include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Ross homeowners experience a diverse range of tax bills. Understanding how these elements interact helps homeowners anticipate their annual property tax obligations and plan their finances accordingly. Homeowners should stay informed about any changes in local tax policies to manage their expenses effectively.
Average Ross Tax Bill
$890
Average Mountrail County Tax Bill
$783
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Ross, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58776 | $346 | $651 | $890 | $1,333 | $1,890 |
Source: Ownwell