Oriska, North Dakota Property Taxes
The median property tax rate in Oriska, ND is 1.08%, 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 Oriska at $68,150, the typical annual property tax bill is $742, which is below the national median of $2,690. Property taxes in Oriska are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Oriska'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 Oriska 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
Oriska, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$736
$683
Ownwell’s Oriska Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oriska with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oriska 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 Oriska, North Dakota
Property taxes in Oriska, North Dakota, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Oriska is 1.08%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Oriska set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oriska 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 Oriska's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58063 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Oriska 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 Oriska Tax Rate
1.08%
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 Oriska, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58063 | 1.05% | 1.08% | 1.08% | 1.10% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Oriska, North Dakota
In Oriska, 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 Oriska, 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 Oriska helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Oriska is $68,150, with tax bills ranging from $271 at the 25th percentile to $2,723 at the 90th percentile. The highest and lowest median tax bill is $742 in zip code 58063.
Average Oriska Assessed Value
$68,150
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 Oriska, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58063 | $11,780 | $29,225 | $68,150 | $154,225 | $237,990 |
Source: Ownwell
Property Tax Bills Across Oriska, North Dakota
In Oriska, property tax bills are calculated based on the assessed value of the home and the local tax rate set by Barnes County. The assessed value is determined by the county assessor, who evaluates the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $68,150, homeowners can expect their tax bills to vary significantly. At the 25th percentile, property tax bills are around $271, while at the 75th percentile, they can reach up to $1,684. The highest median tax bill recorded in the area is $742, which is notably lower than the national median property tax rate of 0.99%. This variation in tax bills can have a significant impact on homeowners, influencing their overall cost of living and financial planning. Understanding these factors helps homeowners in Oriska better anticipate their annual property tax obligations.
Average Oriska Tax Bill
$742
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 Oriska, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58063 | $112 | $271 | $742 | $1,684 | $2,723 |
Source: Ownwell