Cleveland, North Dakota Property Taxes
The median property tax rate in Cleveland, North Dakota is 0.87%, 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 Cleveland at $203,896, the typical annual property tax bill amounts to $1,850, falling below the national median of $2,690. Property taxes in Cleveland 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 Cleveland'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 Cleveland 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
Cleveland, 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 CLEVELAND Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in CLEVELAND using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CLEVELAND to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for any financial obligations. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for tax calculations and considers any applicable exemptions.
Property Tax Rates Across Cleveland, North Dakota
Property taxes in Cleveland, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cleveland is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Cleveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleveland 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 Cleveland's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58424 zip code has both the highest and lowest median property tax rate of 0.87%. Understanding how these cities compare with Cleveland provides valuable insights into the varying tax landscape across Stutsman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cleveland Tax Rate
0.87%
Average Stutsman County Tax Rate
1.45%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleveland, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58424 | 0.84% | 0.85% | 0.87% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Cleveland, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cleveland, 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 local 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 Cleveland, 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 Cleveland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 58424, both at $1,850.
Average Cleveland Assessed Value
$203,896
Average Stutsman County Assessed Value
$99,515
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cleveland, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58424 | $33,160 | $82,900 | $203,896 | $220,328 | $239,571 |
Source: Ownwell
Property Tax Bills Across Cleveland, North Dakota
Property tax bills in Cleveland, located in Stutsman County, ND, are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is a percentage of the property's market value, reflecting its current worth in the real estate market. Once the assessed value is established, a tax rate, set by local government authorities, is applied to calculate the annual tax bill. Several factors influence the assessed value, including property size, location, and any improvements made. For homeowners in Cleveland, the median home price is $203,896. The tax bills vary significantly, with the 25th percentile at $1,473 and the 75th percentile at $2,035. The 90th percentile tax bill reaches up to $2,156. These property taxes directly impact homeowners by contributing to local services such as schools, emergency services, and infrastructure. Understanding how property taxes are calculated can help homeowners anticipate their annual expenses and plan accordingly.
Average Cleveland Tax Bill
$1,850
Average Stutsman County Tax Bill
$1,456
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleveland, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58424 | $1,005 | $1,473 | $1,850 | $2,035 | $2,156 |
Source: Ownwell