Leal, North Dakota Property Taxes
The median property tax rate in LEAL, ND is 1.13%, which is higher than both the national median of 0.99% and the North Dakota state median of 1.30%. Given the median home value in LEAL is $45,150, the typical annual property tax bill amounts to $642, which is significantly lower than the national median of $2,690. Property taxes in LEAL are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding LEAL'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 LEAL 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
Leal, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$510
$473
Ownwell’s LEAL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LEAL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LEAL 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 Leal, North Dakota
Property taxes in LEAL, 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 LEAL is 1.13%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within LEAL set these rates annually, and they can vary significantly across different neighborhoods. Each year, LEAL 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 LEAL's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58479 zip code has the highest median property tax rate of 1.13%, while the 58479 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with LEAL 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 Leal Tax Rate
1.13%
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 Leal, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58479 | 1.13% | 1.13% | 1.13% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Leal, North Dakota
In LEAL, 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 LEAL, 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. For example, the median home price in LEAL is $45,150, with annual tax bills ranging from $326 at the 25th percentile to $876 at the 90th percentile. The zip code 58479 has the highest and lowest median tax bill at $642. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Leal Assessed Value
$45,150
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 Leal, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58479 | $16,790 | $24,050 | $45,150 | $71,300 | $76,970 |
Source: Ownwell
Property Tax Bills Across Leal, North Dakota
In Leal, ND, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, if the median home price is $45,150, the assessed value would be a fraction of this amount, determined by local assessment rates. Once the assessed value is established, the tax rate for Barnes County is applied to calculate the annual tax bill. Several factors influence the tax bill, including the home's location within specific school districts, municipal services, and any applicable exemptions. Homeowners in Leal can expect tax bills ranging significantly, with the 25th percentile at $326 and the 75th percentile reaching $809. For those at the 90th percentile, tax bills can be as high as $876. These property taxes significantly impact homeowners, as they contribute to funding essential services such as education, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Leal's rates are relatively moderate, making it an affordable place for property owners.
Average Leal Tax Bill
$642
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 Leal, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58479 | $199 | $326 | $642 | $809 | $876 |
Source: Ownwell