Fingal, North Dakota Property Taxes
The median property tax rate in Fingal, ND is 2.28%, considerably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Fingal, the typical annual property tax bill reaches $758, which, while lower than the national median of $2,690, is substantial given the local home values. Property taxes in Fingal are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fingal'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 Fingal 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
Fingal, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$625
$580
Ownwell’s Fingal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fingal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fingal 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 Fingal, North Dakota
Property taxes in Fingal, 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 Fingal is 1.42%, notably higher than both the North Dakota state median of 0.90% and the U.S. national median of 0.99%. Local government entities within Fingal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fingal 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 Fingal's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58031 zip code has the highest median property tax rate of 1.42%, while the same zip code has the lowest median tax rate of 1.42%. Understanding how these cities compare with Fingal provides valuable insights into the varying tax landscape across Barnes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fingal Tax Rate
2.28%
Average Barnes County Tax Rate
1.12%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fingal, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58031 | 1.10% | 1.22% | 2.28% | 2.90% | 4.40% |
Source: Ownwell
Property Tax Assessment Values Across Fingal, North Dakota
In Fingal, 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 Barnes 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 Fingal, 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 Fingal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $758.00 in zip code 58031, while the lowest median tax bill is also $758.00 in the same zip code.
Average Fingal Assessed Value
$27,400
Average Barnes County Assessed Value
$86,700
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fingal, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58031 | $1,300 | $4,200 | $27,400 | $67,100 | $137,960 |
Source: Ownwell
Property Tax Bills Across Fingal, North Dakota
In Fingal, located in Barnes County, ND, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors and is a percentage of the property's market value. Homeowners in Fingal can expect a range of property tax bills, influenced by factors such as the specific assessed value of their home and applicable tax rates. For example, the median home price in Fingal is $27,400. Property tax bills in this area can vary significantly, with the 25th percentile tax bill at $144 and the 75th percentile at $1,125. The 90th percentile tax bill reaches up to $1,490. These variations highlight how different factors, such as property size, location, and improvements, can impact the final tax bill. Compared to the national median property tax rate of 0.99%, Fingal's property taxes can be relatively manageable for homeowners, but understanding the specific assessed value and local tax rates is crucial for accurate financial planning.
Average Fingal Tax Bill
$758
Average Barnes County Tax Bill
$1,027
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Fingal, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58031 | $30 | $144 | $758 | $1,125 | $1,490 |
Source: Ownwell