Sanborn, North Dakota Property Taxes
The median property tax rate in Sanborn, ND is 1.21%, which is higher than the national median of 0.99% but slightly lower than the North Dakota state median of 1.30%. With the median home value in Sanborn at $60,900, the typical annual property tax bill amounts to $719, which is significantly below the national median of $2,690. Property taxes in Sanborn are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Sanborn's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether residing in the heart of Sanborn or other parts of the city, a thorough grasp of the local property tax system is essential for financial planning and investment strategies.
Last Updated June 14, 2024
Sanborn, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$737
$684
Ownwell’s Sanborn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sanborn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sanborn 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 Sanborn, North Dakota
Property taxes in Sanborn, 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 Sanborn is 1.21%, significantly higher than both the North Dakota state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Sanborn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sanborn 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 Sanborn's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58480 has the highest median property tax rate of 1.21%, while the lowest median tax rate in the same zip code is also 1.21%. Understanding how these cities compare with Sanborn 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 Sanborn Tax Rate
1.21%
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 Sanborn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58480 | 1.08% | 1.15% | 1.21% | 1.21% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Sanborn, North Dakota
Understanding the distinction between "market value" and "assessed value" is essential for comprehending property taxes in Sanborn, North Dakota. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. On the other hand, 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 property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Sanborn, 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. Understanding these valuation concepts enables property owners to better navigate their tax responsibilities and comprehend how their property taxes are determined. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $719, found in the 58480 zip code.
Average Sanborn Assessed Value
$60,900
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 Sanborn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58480 | $7,400 | $30,950 | $60,900 | $120,450 | $192,600 |
Source: Ownwell
Property Tax Bills Across Sanborn, North Dakota
Property tax bills in Sanborn, located in Barnes County, ND, are determined by assessing the market value of a property and applying the local tax rate to this value. The median home price in Sanborn is $60,900, and property taxes are calculated based on this assessed value. Various factors influence the final tax bill, including property size, location, and improvements made to the property. For homeowners in Sanborn, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is around $375, while the 75th percentile tax bill reaches $1,386. At the higher end, the 90th percentile tax bill can go up to $2,010. These figures indicate that property taxes can be a substantial expense for homeowners, affecting their overall financial planning. Comparatively, the median property tax rate in Sanborn aligns with the national median rate of 0.99%. However, individual tax bills can differ widely based on specific property assessments and local tax regulations. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Sanborn Tax Bill
$719
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 Sanborn, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58480 | $114 | $375 | $719 | $1,386 | $2,010 |
Source: Ownwell