Sibley, North Dakota Property Taxes
The median property tax rate in Sibley, ND is 1.11%, which is higher than the national median of 0.99% but lower than North Dakota's state median of 1.30%. With a median home value of $113,800 in Sibley, the typical annual property tax bill comes to $1,120, which is below the national median of $2,690. Property taxes in Sibley are calculated based on the assessed value, which often falls below market value due to exemptions such as those for primary residences and agricultural properties. By understanding Sibley's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're residing in the heart of Sibley or another area within Barnes County, gaining insight into the local property tax system will offer substantial benefits.
Last Updated June 14, 2024
Sibley, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,263
$1,172
Ownwell’s Sibley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sibley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sibley 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 Sibley, North Dakota
Property taxes in Sibley, 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 Sibley is 1.11%, which is significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Sibley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sibley 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 Sibley's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58429 has both the highest and lowest median property tax rate of 1.11%. Understanding how these areas compare with Sibley 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 Sibley Tax Rate
1.11%
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 Sibley, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58429 | 0.93% | 0.93% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Sibley, North Dakota
In Sibley, 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 Sibley, 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 Sibley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Sibley is $113,800, with the highest median tax bill at $1,120 in zip code 58429, which also has the lowest median tax bill at $1,120.
Average Sibley Assessed Value
$113,800
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 Sibley, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58429 | $33,800 | $50,000 | $113,800 | $179,300 | $210,980 |
Source: Ownwell
Property Tax Bills Across Sibley, North Dakota
In Sibley, North Dakota, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor’s office. The assessed value is a percentage of the property’s market value. Homeowners in Sibley see a range of property tax bills, with the 25th percentile at $465 and the 75th percentile at $1,667. The 90th percentile tax bill can reach up to $2,262. The median home price in Sibley is $113,800, which influences the overall tax bill. Factors such as property improvements, neighborhood developments, and changes in market conditions can affect the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Sibley experience varying tax burdens depending on their property’s assessed value. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly. The highest and lowest median tax bills in the county both stand at $1,120, indicating a relatively stable range within the region.
Average Sibley Tax Bill
$1,120
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 Sibley, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58429 | $314 | $465 | $1,120 | $1,667 | $2,262 |
Source: Ownwell