Absaraka, North Dakota Property Taxes
The median property tax rate in Absaraka, ND is 0.96%, slightly below the national median of 0.99% and significantly lower than the North Dakota state median of 1.30%. With a median home value of $121,350 in Absaraka, the typical annual property tax bill amounts to $1,110, which is well below the national median of $2,690. Property taxes in Absaraka are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Navigating Absaraka's property tax system, exploring applicable exemptions, and identifying potential reductions can result in substantial yearly savings. Whether you're residing in Absaraka or investing in property within the city, a thorough understanding of the local property tax structure will be advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Absaraka, 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 Absaraka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Absaraka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Absaraka 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 Absaraka, North Dakota
Property taxes in Absaraka, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Absaraka is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Absaraka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Absaraka 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 Absaraka's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58002 zip code has the highest median property tax rate of 0.96%, while the same 58002 zip code also has the lowest median tax rate of 0.96%. Understanding how these cities compare with Absaraka provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Absaraka Tax Rate
0.96%
Average Cass County Tax Rate
1.42%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Absaraka, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58002 | 0.86% | 0.88% | 0.96% | 0.96% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Absaraka, North Dakota
In Absaraka, 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 Cass 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 Absaraka, 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 Absaraka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,110, found in the 58002 zip code.
Average Absaraka Assessed Value
$121,350
Average Cass County Assessed Value
$223,400
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Absaraka, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58002 | $10,300 | $34,375 | $121,350 | $178,125 | $225,850 |
Source: Ownwell
Property Tax Bills Across Absaraka, North Dakota
In Absaraka, located in Cass County, ND, 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 property tax bill. The median home price in Absaraka is $121,350, and the property tax rate is applied to this value to calculate the tax owed. For homeowners, this means that the property tax bill can vary significantly depending on the assessed value of their property. For instance, the 25th percentile tax bill is $331, while the 75th percentile tax bill reaches $1,548. At the 90th percentile, homeowners might see a tax bill as high as $2,113. These figures illustrate how property taxes can impact household budgets differently, depending on the value of the home. Compared to the national median property tax rate of 0.99%, Absaraka's tax bills reflect the unique economic conditions and assessment practices of Cass County. Homeowners should be aware of these factors to better understand their property tax obligations and potential fluctuations in their annual bills.
Average Absaraka Tax Bill
$1,110
Average Cass County Tax Bill
$3,332
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Absaraka, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58002 | $100 | $331 | $1,110 | $1,548 | $2,113 |
Source: Ownwell