Portal, North Dakota Property Taxes
The median property tax rate in Portal, ND is 0.78%, which is notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $34,750 in Portal, the typical annual property tax bill amounts to $271, significantly less than the national median of $2,690. Property taxes in Portal are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Portal's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in Portal or investing in property within the city, comprehending the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Portal, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$271
$252
Ownwell’s PORTAL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PORTAL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PORTAL 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 Portal, North Dakota
Property taxes in Portal, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Portal is 0.78%, lower than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Portal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Portal 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 Portal's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58772 zip code has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Portal provides valuable insights into the varying tax landscape across Burke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Portal Tax Rate
0.78%
Average Burke County Tax Rate
0.87%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Portal, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58772 | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Portal, North Dakota
In Portal, 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 Burke 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 Portal, 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 Portal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Portal is $271 in the 58772 zip code, which is also the lowest median tax bill.
Average Portal Assessed Value
$34,750
Average Burke County Assessed Value
$39,200
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Portal, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58772 | $11,590 | $20,275 | $34,750 | $49,225 | $57,910 |
Source: Ownwell
Property Tax Bills Across Portal, North Dakota
In Portal, located in Burke County, ND, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price here is $34,750. Local tax authorities determine the assessed value and apply the relevant tax rate to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Portal can expect their property tax bills to vary significantly. The 25th percentile tax bill is $158, while the 75th percentile reaches $383. For those at the 90th percentile, the tax bill can go up to $451. These figures indicate a range of property tax burdens depending on the specific property characteristics and assessments. Compared to the national median property tax rate of 0.99%, Portal's tax bills are relatively modest, making it a financially manageable location for homeowners. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average Portal Tax Bill
$271
Average Burke County Tax Bill
$381
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Portal, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58772 | $90 | $158 | $271 | $383 | $451 |
Source: Ownwell