Casselton, North Dakota Property Taxes
The median property tax rate in Casselton, ND is 1.46%, significantly higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Casselton at $220,900, the typical annual property tax bill reaches $3,190, surpassing the national median of $2,690. Property taxes in Casselton 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 Casselton'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 Casselton 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
Casselton, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$3,225
$2,993
Ownwell’s Casselton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Casselton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Casselton to estimate your property tax bill. This valuable 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 Casselton, North Dakota
Property taxes in Casselton, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Casselton is 1.46%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Casselton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Casselton 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 Casselton's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58012 zip code has the highest median property tax rate of 1.46%, while the 58012 zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Casselton 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 Casselton Tax Rate
1.46%
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 Casselton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58012 | 1.32% | 1.40% | 1.46% | 1.52% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Casselton, North Dakota
In Casselton, 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 Casselton, 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 Casselton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,190, while the lowest is also $3,190, both in the 58012 zip code.
Average Casselton Assessed Value
$220,900
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 Casselton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58012 | $89,220 | $160,800 | $220,900 | $316,750 | $423,080 |
Source: Ownwell
Property Tax Bills Across Casselton, North Dakota
In Casselton, located in Cass County, ND, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and typically reflects a percentage of the home's market value, which in Casselton is around $220,900. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property improvements, neighborhood characteristics, and changes in market conditions. For homeowners, this means that any increase in the market value of their home or enhancements made to the property can lead to higher tax bills. The tax bills in Casselton range significantly, with the 25th percentile at $2,333 and the 75th percentile at $4,539, showing a wide variance based on property values and local tax rates. Compared to the national median property tax rate of 0.99%, Casselton's rates can have a substantial impact on homeowners' annual expenses.
Average Casselton Tax Bill
$3,190
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 Casselton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58012 | $1,373 | $2,333 | $3,190 | $4,539 | $5,951 |
Source: Ownwell