Driscoll, Burleigh County, North Dakota Property Taxes
The median property tax rate in Driscoll, ND is 0.53%, considerably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Driscoll at $57,800, the typical annual property tax bill reaches $305, significantly below the national median of $2,690. Property taxes in Driscoll are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Driscoll'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 Driscoll 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
Driscoll, Burleigh County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$306
$284
Ownwell’s Driscoll Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Driscoll with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Driscoll 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 Driscoll, Burleigh County, North Dakota
Property taxes in Driscoll, 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 Driscoll is 0.53%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Driscoll set these rates annually, and they can vary across different neighborhoods. Each year, Driscoll 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 these rates compare with other areas provides valuable insights into the varying tax landscape across Burleigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Driscoll Tax Rate
0.53%
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 Driscoll, Burleigh County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58532 | 0.52% | 0.52% | 0.53% | 0.59% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Driscoll, Burleigh County, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Driscoll, 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 by the Burleigh County Assessor's Office 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 Driscoll, 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. The median home price in Driscoll is $57,800, with tax bills ranging from $146 at the 25th percentile to $744 at the 90th percentile. The highest and lowest median tax bills are both found in the 58532 zip code, with a value of $305. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Property Tax Assessment Values Across Driscoll, Burleigh County, North Dakota
Source: Ownwell
$50,300
$187,250
$324,200
Average Driscoll Assessed Value
$57,800
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 Driscoll, Burleigh County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58532 | $6,000 | $27,750 | $57,800 | $96,100 | $124,300 |
Source: Ownwell
Property Tax Bills Across Driscoll, Burleigh County, North Dakota
In Driscoll, Burleigh County, ND, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Driscoll is $57,800, which serves as a baseline for determining the tax bill. The assessed value is typically a percentage of the market value, and this figure is then multiplied by the local tax rate to arrive at the final tax bill. For example, a homeowner in the 25th percentile may have a tax bill of around $146, while those in the 75th percentile might see a bill closer to $527. At the 90th percentile, the tax bill can reach up to $744. These variations depend on the specific assessed values and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Driscoll's rates offer a relatively affordable option for homeowners. This affordability can significantly impact homeowners by reducing their annual financial burden, making homeownership more accessible and sustainable in the region.
Average Driscoll Tax Bill
$305
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 Driscoll, Burleigh County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58532 | $35 | $146 | $305 | $527 | $744 |
Source: Ownwell