Kathryn, North Dakota Property Taxes
The median property tax rate in Kathryn, ND is 1.19%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With the median home value in Kathryn at $50,600, the typical annual property tax bill is $803, which is below the national median of $2,690. Property taxes in Kathryn are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Kathryn'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 Kathryn 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
Kathryn, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$602
Ownwell’s Kathryn Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kathryn with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Kathryn to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Kathryn, North Dakota
Property taxes in Kathryn, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kathryn is 1.19%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Kathryn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kathryn 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 Kathryn's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58049 zip code has the highest median property tax rate of 1.19%, while the lowest median tax rate is also found in the 58049 zip code at 1.19%. Understanding how these areas compare with Kathryn 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 Kathryn Tax Rate
1.19%
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 Kathryn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58049 | 0.99% | 1.02% | 1.19% | 1.67% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Kathryn, North Dakota
In Kathryn, 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 Kathryn, 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. For example, the median home price in Kathryn is $50,600. Property tax bills can vary significantly, with the 25th percentile tax bill at $244 and the 75th percentile tax bill at $1,310, reaching up to $2,386 at the 90th percentile. 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 Kathryn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kathryn Assessed Value
$50,600
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 Kathryn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58049 | $7,200 | $22,150 | $50,600 | $111,700 | $209,220 |
Source: Ownwell
Property Tax Bills Across Kathryn, North Dakota
In Kathryn, located in Barnes County, ND, property tax bills are calculated based on the assessed value of a property, which is then multiplied by the local tax rate. The assessed value is typically a percentage of the market value of the home. For a property with a median home price of $50,600, the tax bill can vary significantly. For example, homeowners in the 25th percentile pay around $244, while those in the 75th percentile pay approximately $1,310. At the higher end, the 90th percentile sees tax bills reaching up to $2,386. These variations are influenced by several factors, including property size, location, and any applicable exemptions. The highest and lowest median tax bills in the area both stand at $803, which is notably below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in Kathryn, offering financial relief compared to other regions.
Average Kathryn Tax Bill
$803
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 Kathryn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58049 | $85 | $244 | $803 | $1,310 | $2,386 |
Source: Ownwell