Courtenay, North Dakota Property Taxes
The median property tax rate in Courtenay, ND is 0.75%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Courtenay, the typical annual property tax bill amounts to $2,053, falling below the national median of $2,690. Property taxes in Courtenay are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Courtenay'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 Courtenay 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
Courtenay, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$2,046
Ownwell’s Courtenay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Courtenay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Courtenay 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 Courtenay, North Dakota
Property taxes in Courtenay, 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 Courtenay is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Courtenay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Courtenay 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 Courtenay's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58426 has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Courtenay 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 Courtenay Tax Rate
0.75%
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 Courtenay, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58426 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Courtenay, North Dakota
In Courtenay, 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 Stutsman 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 Courtenay, 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 Courtenay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2053, found in the 58426 zip code.
Average Courtenay Assessed Value
$272,813
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 Courtenay, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58426 | $248,655 | $257,714 | $272,813 | $287,912 | $296,971 |
Source: Ownwell
Property Tax Bills Across Courtenay, North Dakota
In Courtenay, located in Stutsman County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $272,813, the tax bill can vary significantly. Homeowners within the 25th percentile can expect to pay around $1,940, while those in the 75th percentile may see bills closer to $2,165. At the 90th percentile, tax bills can reach up to $2,232. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions. For homeowners, understanding these elements is crucial as property taxes can significantly impact annual budgets. Compared to the national median property tax rate of 0.99%, Courtenay's property tax rates reflect the local economic conditions and public service funding needs, making it essential for homeowners to stay informed and proactive about their property assessments and tax obligations.
Average Courtenay Tax Bill
$2,053
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 Courtenay, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58426 | $1,873 | $1,940 | $2,053 | $2,165 | $2,232 |
Source: Ownwell