Goodrich, North Dakota Property Taxes
The median property tax rate in Goodrich, ND is 1.11%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With a median home value of $28,600 in Goodrich, the typical annual property tax bill is $158, significantly below the national median of $2,690. Property taxes in Goodrich are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Goodrich'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 Goodrich or another part of Sheridan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Goodrich, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$317
Ownwell’s Goodrich Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goodrich with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goodrich 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 Goodrich, North Dakota
Property taxes in Goodrich, North Dakota, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Goodrich is 1.11%, higher than the U.S. national median of 0.99%. Local government entities within Goodrich set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goodrich 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 Goodrich's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58444 has both the highest and lowest median property tax rate of 1.11%. Understanding how these areas compare with Goodrich 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 Goodrich Tax Rate
1.11%
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 Goodrich, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58444 | 0.33% | 0.34% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Goodrich, North Dakota
In Goodrich, 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 Goodrich, 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 Goodrich helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 58444, with a median tax bill of $158.
Average Goodrich Assessed Value
$28,600
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 Goodrich, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58444 | $7,680 | $10,200 | $28,600 | $47,200 | $76,960 |
Source: Ownwell
Property Tax Bills Across Goodrich, North Dakota
Property tax bills in Goodrich, Sheridan County, ND, are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. Various factors such as the property's location, size, and condition are considered during the assessment process. Once the assessed value is established, it is multiplied by the local tax rate to determine the tax bill. In Goodrich, the median home price is $28,600, and tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $67, while at the 75th percentile, it rises to $319. Homeowners in the 90th percentile can expect to pay around $775. These figures highlight the variability in property tax bills based on property values and assessment criteria. Compared to the national median property tax rate of 0.99%, Goodrich's rates offer a relatively lower tax burden, which can be beneficial for homeowners looking for affordable property tax options.
Average Goodrich Tax Bill
$158
Average Sheridan County Tax Bill
$348
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Goodrich, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58444 | $47 | $67 | $158 | $319 | $775 |
Source: Ownwell