Fessenden, North Dakota Property Taxes
The median property tax rate in Fessenden, ND is 0.93%, slightly below the national median of 0.99% and significantly lower than the North Dakota state median of 1.30%. With the median home value in Fessenden at $93,250, the typical annual property tax bill amounts to $859, well below the national median of $2,690. Property taxes in Fessenden 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 Fessenden'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 Fessenden 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
Fessenden, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$867
Ownwell’s Fessenden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fessenden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fessenden 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 Fessenden, North Dakota
Property taxes in Fessenden, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fessenden is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Fessenden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fessenden 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 Fessenden's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58438 zip code has both the highest and lowest median property tax rate of 0.93%. Understanding how these areas compare with Fessenden provides valuable insights into the varying tax landscape across Wells County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fessenden Tax Rate
0.93%
Average Wells County Tax Rate
0.66%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fessenden, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58438 | 0.20% | 0.50% | 0.93% | 1.25% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Fessenden, North Dakota
In Fessenden, 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 Wells 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. 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 Fessenden 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 $859, found in zip code 58438.
Average Fessenden Assessed Value
$93,250
Average Wells County Assessed Value
$119,440
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fessenden, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58438 | $18,436 | $42,680 | $93,250 | $170,580 | $253,580 |
Source: Ownwell
Property Tax Bills Across Fessenden, North Dakota
In Fessenden, located in Wells County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value, reflecting current real estate conditions. Homeowners in Fessenden can expect a median home price of $93,250. The property tax rate in this area significantly impacts the final tax bill. For instance, the median property tax bill is $859, aligning with both the highest and lowest median tax bills in the region. Various factors influence the tax bill, including property characteristics, local tax rates, and applicable exemptions or deductions. Tax bills range widely, with the 25th percentile at $435 and the 75th percentile at $1328, showing considerable variability based on individual property assessments. The 90th percentile tax bill reaches $1769, indicating that higher-valued properties incur substantially higher taxes. These taxes fund essential public services, directly impacting homeowners by contributing to community infrastructure and services.
Average Fessenden Tax Bill
$859
Average Wells County Tax Bill
$862
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Fessenden, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58438 | $120 | $435 | $859 | $1,328 | $1,769 |
Source: Ownwell