Deering, North Dakota Property Taxes
The median property tax rate in Deering, ND is 0.89%, 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 Deering at $277,000, the typical annual property tax bill amounts to $2,466, which is below the national median of $2,690. Property taxes in Deering are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Deering'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 Deering 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
Deering, 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 Deering Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deering with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deering 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 Deering, North Dakota
Property taxes in Deering, 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 Deering is 1.03%, higher than both the North Dakota state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Deering set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deering 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 Deering's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58731 zip code has the highest median property tax rate of 1.03%, while the same 58731 zip code has the lowest median tax rate of 1.03%. Understanding how these cities compare with Deering provides valuable insights into the varying tax landscape across Ward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deering Tax Rate
0.89%
Average Ward County Tax Rate
1.65%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deering, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58731 | 0.30% | 0.39% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Deering, North Dakota
In Deering, 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 Ward County Assessor's Office 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 Deering, 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 Deering helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Ward County, the highest median tax bill is $2,466 in the 58731 zip code, while the lowest median tax bill is also $2,466 in the same zip code.
Average Deering Assessed Value
$277,000
Average Ward County Assessed Value
$201,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deering, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58731 | $231,800 | $248,000 | $277,000 | $309,000 | $348,600 |
Source: Ownwell
Property Tax Bills Across Deering, North Dakota
In Deering, ND, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and typically represents a percentage of the market value. For instance, if a home’s market value is $277,000, the assessed value will be a fraction of this amount, depending on local assessment practices. The property tax rate is then applied to the assessed value to determine the tax bill. In Deering, homeowners can expect a range of tax bills. For example, the 25th percentile tax bill is around $855, while the 75th percentile tax bill reaches approximately $2,751. The 90th percentile tax bill can go up to $3,102, indicating a significant variation based on property value and specific circumstances. Compared to the national median property tax rate of 0.99%, Deering’s property tax bills reflect local economic conditions and assessment policies. These tax bills directly impact homeowners by influencing their annual housing costs, which can affect overall affordability and financial planning.
Average Deering Tax Bill
$2,466
Average Ward County Tax Bill
$2,940
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Deering, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58731 | $707 | $855 | $2,466 | $2,751 | $3,102 |
Source: Ownwell