Sarles, North Dakota Property Taxes
The median property tax rate in Sarles, ND is 0.97%, slightly lower than the national median of 0.99% and significantly below the North Dakota state median of 1.30%. With a median home value of $62,000 in Sarles, the typical annual property tax bill is around $598, which is well below the national median of $2,690. Property taxes in Sarles are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Sarles' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sarles 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
Sarles, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$601
$558
Ownwell’s Sarles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sarles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sarles 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 Sarles, North Dakota
Property taxes in Sarles, 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 Sarles is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Sarles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sarles 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 Sarles' effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58372 has both the highest and lowest median property tax rate in the region at 0.97%. Understanding how these areas compare with Sarles provides valuable insights into the varying tax landscape across Cavalier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sarles Tax Rate
0.97%
Average Cavalier County Tax Rate
0.99%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sarles, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58372 | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Sarles, North Dakota
In Sarles, 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 Cavalier 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 Sarles, 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 Sarles 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 $598, occurring in the 58372 zip code.
Average Sarles Assessed Value
$62,000
Average Cavalier County Assessed Value
$90,150
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sarles, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58372 | $62,000 | $62,000 | $62,000 | $62,000 | $62,000 |
Source: Ownwell
Property Tax Bills Across Sarles, North Dakota
In Sarles, ND, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. For instance, the median home price in Sarles is $62,000. The local tax rate is applied to this assessed value to calculate the annual tax bill. The tax rate in Sarles is relatively low compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the home's location within Cavalier County, any applicable exemptions, and local government budgets. Homeowners in Sarles typically see tax bills around $598, placing them at the 25th, 75th, and 90th percentiles, indicating a consistent tax rate across different home values. This stable and predictable tax environment can benefit homeowners by providing a clear expectation of annual property tax expenses. Additionally, the relatively low tax rate compared to national figures can make Sarles an attractive option for those looking to manage their long-term housing costs effectively.
Average Sarles Tax Bill
$598
Average Cavalier County Tax Bill
$1,068
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Sarles, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58372 | $598 | $598 | $598 | $598 | $598 |
Source: Ownwell