Regan, Burleigh County, North Dakota Property Taxes
The median property tax rate in Regan, North Dakota, is 0.75%, 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 Regan at $78,900, the typical annual property tax bill reaches $570, significantly below the national median of $2,690. Property taxes in Regan 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 Regan'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 Regan 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
Regan, Burleigh County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$592
$549
Ownwell’s Regan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Regan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Regan 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 Regan, Burleigh County, North Dakota
Property taxes in Regan, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Regan is 1.15%, higher than both the North Dakota state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Regan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Regan 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 Regan's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58477 zip code has the highest median property tax rate of 1.15%, while the 58477 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Regan 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 Regan Tax Rate
0.75%
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 Regan, Burleigh County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58477 | 0.68% | 0.70% | 0.75% | 0.79% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Regan, Burleigh County, North Dakota
In Regan, 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 Regan, 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 Regan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Regan are both $570, found in the 58477 zip code.
Property Tax Assessment Values Across Regan, Burleigh County, North Dakota
Source: Ownwell
$50,300
$187,250
$324,200
Average Regan Assessed Value
$78,900
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 Regan, Burleigh County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58477 | $6,450 | $18,583 | $78,900 | $107,525 | $177,000 |
Source: Ownwell
Property Tax Bills Across Regan, Burleigh County, North Dakota
In Regan, Burleigh County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Regan is $78,900. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Regan, property taxes can vary significantly, with bills ranging from $327 at the 25th percentile to $1,312 at the 90th percentile. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Regan experience a median property tax rate that reflects local government funding needs and community services. Compared to the national median property tax rate of 0.99%, Regan's rates are tailored to the specific economic and administrative requirements of Burleigh County. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Regan Tax Bill
$570
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 Regan, Burleigh County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58477 | $50 | $327 | $570 | $869 | $1,312 |
Source: Ownwell