Ypsilanti, North Dakota Property Taxes
The median property tax rate in Ypsilanti, ND is 1.01%, 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 Ypsilanti at $119,800, the typical annual property tax bill is $1,205, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ypsilanti'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 Ypsilanti 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
Ypsilanti, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,210
$1,123
Ownwell’s YPSILANTI Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in YPSILANTI with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in YPSILANTI 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 Ypsilanti, North Dakota
Property taxes in Ypsilanti, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ypsilanti is 1.01%, higher than the U.S. national median of 0.99%. Local government entities within Ypsilanti set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ypsilanti 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 Ypsilanti's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58497 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Ypsilanti 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 Ypsilanti Tax Rate
1.01%
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 Ypsilanti, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58497 | 1.01% | 1.01% | 1.01% | 1.01% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Ypsilanti, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ypsilanti, North Dakota. 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 for tax purposes by the Barnes County Appraisal District. 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 Ypsilanti, 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 Ypsilanti is $119,800, with tax bills ranging from $742 at the 25th percentile to $2,801 at the 90th percentile. The zip code 58497 has both the highest and lowest median tax bill at $1,205. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Ypsilanti Assessed Value
$119,800
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 Ypsilanti, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58497 | $32,650 | $73,725 | $119,800 | $186,950 | $278,400 |
Source: Ownwell
Property Tax Bills Across Ypsilanti, North Dakota
In Ypsilanti, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including the property's market value, location, and any improvements or renovations made to the property. For homeowners in Ypsilanti, the median home price is $119,800. Tax bills can vary significantly, with the 25th percentile paying around $742 and the 75th percentile paying up to $1,881. Those at the 90th percentile could see tax bills as high as $2,801. Comparatively, these figures provide insight into the range of property tax burdens faced by homeowners in the area. Understanding these factors helps homeowners better anticipate their property tax obligations and manage their financial planning more effectively. The highest and lowest median tax bills in Barnes County are both $1,205, indicating a level of consistency within the region.
Average Ypsilanti Tax Bill
$1,205
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 Ypsilanti, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58497 | $332 | $742 | $1,205 | $1,881 | $2,801 |
Source: Ownwell