Braddock, North Dakota Property Taxes
The median property tax rate in Braddock, ND is 0.54%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Braddock at $82,800, the typical annual property tax bill is $450, much less than the national median of $2,690. Property taxes in Braddock 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 Braddock's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Braddock 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
Braddock, North Dakota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,600
Ownwell’s Braddock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Braddock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Braddock 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 Braddock, North Dakota
Property taxes in Braddock, North Dakota, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Braddock is 0.54%, which is lower than the U.S. national median of 0.99%. Local government entities within Braddock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Braddock 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. Understanding how Braddock's effective property tax rate compares to other areas in Burleigh County and the national median offers valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Braddock Tax Rate
0.54%
Average Burleigh County Tax Rate
1.14%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Braddock, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58524 | 0.53% | 0.54% | 0.54% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Braddock, North Dakota
In Braddock, 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 Burleigh 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 Braddock, 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. In Burleigh County, the median home price is $82,800, and property tax bills vary significantly. The 25th percentile tax bill is $359, while the 75th percentile tax bill is $455. Notably, the highest and lowest median tax bills are both found in zip code 58524, amounting to $450. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Braddock Assessed Value
$82,800
Average Burleigh County Assessed Value
$262,900
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Braddock, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58524 | $31,100 | $58,100 | $82,800 | $83,900 | $184,940 |
Source: Ownwell
Property Tax Bills Across Braddock, North Dakota
In Braddock, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value typically reflects a percentage of the home's market value. For instance, with a median home price of $82,800, the tax bill can vary significantly depending on the specific assessment and applicable tax rate. In Burleigh County, the median property tax rate aligns closely with the national median rate of 0.99%. Homeowners in Braddock can expect their tax bills to fall within a range, with the 25th percentile at $359, the 75th percentile at $455, and the 90th percentile reaching up to $961. This variability is influenced by factors such as property size, location, and any applicable exemptions or deductions. For homeowners, understanding these factors is crucial as property taxes can significantly impact annual expenses. Accurate assessment and knowledge of potential exemptions can help manage and potentially lower the tax burden, ensuring financial stability.
Average Braddock Tax Bill
$450
Average Burleigh County Tax Bill
$2,929
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Braddock, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58524 | $192 | $359 | $450 | $455 | $961 |
Source: Ownwell