Prairie Rose, North Dakota Property Taxes
The median property tax rate in Prairie Rose, ND is 1.08%, higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Prairie Rose at $317,200, the typical annual property tax bill reaches $3,393, exceeding the national median of $2,690. Property taxes in Prairie Rose 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 Prairie Rose'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 Prairie Rose 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
Prairie Rose, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$3,426
$3,179
Ownwell’s Prairie Rose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Prairie Rose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Prairie Rose 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 Prairie Rose, North Dakota
Property taxes in Prairie Rose, 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 Prairie Rose is 1.08%, significantly higher than the U.S. national median of 0.99%. Local government entities within Prairie Rose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prairie Rose 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 Prairie Rose's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58104 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these areas compare with Prairie Rose 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 Prairie Rose Tax Rate
1.08%
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 Prairie Rose, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58104 | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Prairie Rose, North Dakota
In Prairie Rose, 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 Prairie Rose, 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. For instance, the median home price in Prairie Rose is $317,200, with tax bills ranging from $3,000 at the 25th percentile to $4,320 at the 90th percentile. The highest and lowest median tax bills are both $3,393 in the 58104 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Prairie Rose, North Dakota
Source: Ownwell
$79,400
$233,925
$388,450
Average Prairie Rose Assessed Value
$317,200
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 Prairie Rose, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58104 | $272,000 | $280,500 | $317,200 | $357,700 | $399,800 |
Source: Ownwell
Property Tax Bills Across Prairie Rose, North Dakota
In Prairie Rose, 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 local assessor and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. This rate can vary depending on the needs of the county and city budgets, school districts, and other public services. Homeowners in Prairie Rose, Cass County, experience property tax bills that range significantly. For example, the 25th percentile tax bill is around $3,000, while the 75th percentile reaches $3,798, and the 90th percentile can go up to $4,320. This variability means that homeowners with higher-valued properties or those in specific areas may face higher tax bills. Compared to the national median property tax rate of 0.99%, the rates in Prairie Rose reflect the local economic conditions and public service requirements, impacting how much homeowners ultimately pay.
Average Prairie Rose Tax Bill
$3,393
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 Prairie Rose, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58104 | $2,707 | $3,000 | $3,393 | $3,798 | $4,320 |
Source: Ownwell