Crete, North Dakota Property Taxes
The median property tax rate in Crete, ND is 1.23%, slightly above the national median of 0.99% but below the North Dakota state median of 1.30%. With the median home value in Crete at $25,025, the typical annual property tax bill is approximately $268, which is significantly lower than the national median of $2,690. Property taxes in Crete are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Familiarizing yourself with Crete'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 Crete or elsewhere in Sargent County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crete, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$308
Ownwell’s Crete Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crete with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crete 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 Crete, North Dakota
Property taxes in Crete, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crete is 1.23%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Crete set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crete 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 Crete's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58040 zip code has the highest median property tax rate of 1.23%, while the 58040 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Crete provides valuable insights into the varying tax landscape across Sargent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crete Tax Rate
1.23%
Average Sargent County Tax Rate
1.49%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crete, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58040 | 1.02% | 1.10% | 1.23% | 1.36% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Crete, North Dakota
In Crete, 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 Sargent 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 Crete, 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 Crete helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Crete both stand at $268, found in the 58040 zip code.
Average Crete Assessed Value
$25,025
Average Sargent County Assessed Value
$10,926
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crete, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58040 | $13,176 | $17,620 | $25,025 | $32,430 | $36,874 |
Source: Ownwell
Property Tax Bills Across Crete, North Dakota
In Crete, property tax bills are calculated based on the assessed value of a homeowner's property. This assessed value is determined by local assessors who evaluate the market value of the property and apply an assessment ratio to arrive at the taxable value. The tax rate, or millage rate, is then applied to this taxable value to calculate the annual property tax bill. Factors that influence the property tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. For instance, a median home in Crete, valued at $25,025, can expect a tax bill ranging from $210 at the 25th percentile to $360 at the 90th percentile. The highest median tax bill in the region is $268. These property taxes play a crucial role in funding local services such as schools, infrastructure, and emergency services. For homeowners, understanding how these factors affect their tax bill is essential for financial planning and ensuring they are not overpaying.
Average Crete Tax Bill
$268
Average Sargent County Tax Bill
$185
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Crete, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58040 | $176 | $210 | $268 | $326 | $360 |
Source: Ownwell