Neche, North Dakota Property Taxes
The median property tax rate in Neche, ND is 1.17%, which is higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With the median home value in Neche being $33,022, the typical annual property tax bill reaches $641, significantly below the national median of $2,690. Property taxes in Neche are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Neche'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 Neche or another part of Pembina County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Neche, 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 NECHE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NECHE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NECHE 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 Neche, North Dakota
Property taxes in Neche, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Neche is 1.17%, notably higher than the U.S. national median of 0.99%. Local government entities within Neche set these rates annually, and they can vary significantly across different neighborhoods. Each year, Neche 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. Understanding how these cities compare with Neche provides valuable insights into the varying tax landscape across Pembina County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Neche Tax Rate
1.17%
Average Pembina County Tax Rate
1.35%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Neche, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58265 | 0.88% | 0.91% | 1.17% | 3.09% | 6.12% |
Source: Ownwell
Property Tax Assessment Values Across Neche, North Dakota
In NECHE, 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 Pembina 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 NECHE, 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 NECHE is $33,022, with tax bills ranging from $442 at the 25th percentile to $2,164 at the 90th percentile. The highest and lowest median tax bill, both at $641, are found in the 58265 zip code. 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 NECHE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Neche Assessed Value
$33,022
Average Pembina County Assessed Value
$40,468
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Neche, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58265 | $15,738 | $25,014 | $33,022 | $100,893 | $217,924 |
Source: Ownwell
Property Tax Bills Across Neche, North Dakota
In NECHE, Pembina County, ND, property tax bills are calculated based on the assessed value of a home and the local property tax rate. Homeowners in NECHE typically see their tax bills influenced by the median home price, which stands at $33,022. The assessed value is determined by local assessors who evaluate the property's market value and apply a specific assessment ratio. The tax bill can vary significantly, with the 25th percentile paying around $442, while those in the 75th percentile face bills of approximately $1,273. For the top 10% of homeowners, tax bills can reach up to $2,164. These figures are influenced by the highest and lowest median tax bills in the area, both recorded at $641 in the 58265 zip code. Compared to the national median property tax rate of 0.99%, homeowners in NECHE may find their tax obligations to be relatively moderate, though individual circumstances can lead to variations. Understanding these factors helps homeowners anticipate and manage their annual property tax expenses effectively.
Average Neche Tax Bill
$641
Average Pembina County Tax Bill
$568
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Neche, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58265 | $331 | $442 | $641 | $1,273 | $2,164 |
Source: Ownwell