Anamoose, North Dakota Property Taxes
The median property tax rate in Anamoose, ND is 0.83%, which is notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Anamoose at $107,987, the typical annual property tax bill comes to $903, significantly below the national median of $2,690. Property taxes in Anamoose are determined based on the assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Anamoose's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Anamoose or another area within Sheridan County, an in-depth knowledge of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Anamoose, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$896
Ownwell’s Anamoose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anamoose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anamoose 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 Anamoose, North Dakota
Property taxes in Anamoose, 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 Anamoose is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Anamoose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anamoose 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 Anamoose's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58710 has both the highest and lowest median property tax rate of 0.83%. Understanding how these areas compare with Anamoose provides valuable insights into the varying tax landscape across Sheridan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anamoose Tax Rate
0.83%
Average Sheridan County Tax Rate
1.11%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anamoose, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58710 | 0.81% | 0.82% | 0.83% | 0.85% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Anamoose, North Dakota
In Anamoose, 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 Sheridan 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 Anamoose, 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 Anamoose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $903, observed in the 58710 zip code.
Average Anamoose Assessed Value
$107,987
Average Sheridan County Assessed Value
$47,200
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anamoose, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58710 | $102,935 | $104,830 | $107,987 | $111,144 | $113,039 |
Source: Ownwell
Property Tax Bills Across Anamoose, North Dakota
In Anamoose, located in Sheridan County, ND, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value determined by the county assessor. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Anamoose, the median home price is $107,987. Tax bills in this area can vary significantly, with the 25th percentile tax bill at $858 and the 75th percentile tax bill at $947. The 90th percentile tax bill reaches up to $974. These figures illustrate the range of property taxes homeowners can expect to pay, depending on their property's assessed value and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Anamoose's property tax rates can be considered relatively moderate. However, the actual amount paid by homeowners can still influence their overall cost of living and financial planning.
Average Anamoose Tax Bill
$903
Average Sheridan County Tax Bill
$348
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Anamoose, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58710 | $831 | $858 | $903 | $947 | $974 |
Source: Ownwell