Ayr, North Dakota Property Taxes
The median property tax rate in Ayr, ND is 0.76%, notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Ayr at $161,100, the typical annual property tax bill is $1,525, which is less than the national median of $2,690. Property taxes in Ayr are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ayr'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 Ayr 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
Ayr, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,224
$1,136
Ownwell’s AYR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in AYR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in AYR 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 Ayr, North Dakota
Property taxes in Ayr, 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 Ayr is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Ayr set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ayr 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 Ayr's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58007 has both the highest and lowest median property tax rate of 0.76%. Understanding how these areas compare with Ayr 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 Ayr Tax Rate
0.76%
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 Ayr, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58007 | 0.64% | 0.72% | 0.76% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Ayr, North Dakota
In Ayr, 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 Ayr, 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 Ayr helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ayr is $161,100, with the 25th percentile tax bill at $487 and the 75th percentile tax bill at $2,265. The zip code 58007 has both the highest and lowest median tax bill, valued at $1,525.
Average Ayr Assessed Value
$161,100
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 Ayr, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58007 | $3,960 | $45,700 | $161,100 | $252,600 | $340,880 |
Source: Ownwell
Property Tax Bills Across Ayr, North Dakota
In AYR, Cass County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value, and this value is then multiplied by the local tax rate to determine the annual tax bill. Factors that influence the assessed value include the property's size, location, and condition. For homeowners in AYR, the median home price is $161,100. Property tax bills vary significantly, with the 25th percentile at $487 and the 75th percentile at $2,265. The tax bill at the 90th percentile reaches up to $3,223. These figures indicate a range of tax burdens, reflecting differences in property values and the specific assessments made by the county. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark to understand how AYR's rates stack up. Homeowners should be aware of these factors as they directly impact their annual financial obligations and the overall affordability of homeownership in AYR.
Average Ayr Tax Bill
$1,525
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 Ayr, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58007 | $171 | $487 | $1,525 | $2,265 | $3,223 |
Source: Ownwell