Eddy County Property Taxes
The median property tax rate in Eddy is 1.58%, which is 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 Eddy, the typical annual property tax bill reaches $348, which is well below the national median of $2,690. Property taxes in Eddy are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Eddy's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in New Rockford or another part of Eddy, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eddy County 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 Eddy County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Eddy County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Eddy County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Eddy County, North Dakota
Property taxes in Eddy County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Eddy County is 1.58%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Eddy County set these rates annually, and they can vary significantly between different areas within the county. Each year, Eddy County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of New Rockford has one of the higher property tax rates in North Dakota at 1.58%, while the city of Tolna boasts one of the lowest at 0.94%. Analyzing how Eddy County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Eddy County Tax Rate
1.58%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eddy County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mchenry | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
| New Rockford | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% |
| Sheyenne | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
| Tolna | 0.93% | 0.93% | 0.94% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Eddy County, North Dakota
In Eddy County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Eddy County Appraisal District. The assessed value, however, 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. Assessment notices in Eddy County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Eddy County, Sheyenne residents face the highest median tax bill at $1,775, while New Rockford residents have the lowest at $306. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Eddy County, North Dakota
Source: Ownwell
$21,100
$99,400
$177,700
Average Eddy County Assessed Value
$36,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eddy County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mchenry | $94,400 | $94,400 | $94,400 | $94,400 | $94,400 |
| New Rockford | $10,300 | $16,500 | $21,100 | $38,025 | $48,150 |
| Sheyenne | $177,700 | $177,700 | $177,700 | $177,700 | $177,700 |
| Tolna | $48,090 | $66,225 | $96,450 | $126,675 | $144,810 |
Source: Ownwell
Property Tax Bills Across Eddy County, North Dakota
In Eddy County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Once the assessed value is established, the local tax rate, or millage rate, is applied to calculate the tax bill. Several factors influence the final tax bill, including property size, location, and improvements. For example, the median home price in Eddy County is $36,000. Homeowners in the 25th percentile pay around $261 in property taxes, while those in the 75th percentile pay about $624. The 90th percentile sees tax bills as high as $1,451. The highest median tax bill in the county is in Sheyenne at $1,775, whereas New Rockford has the lowest at $306. These variations significantly impact homeowners, influencing their financial planning and housing affordability. Compared to the national median property tax rate of 0.99%, Eddy County's rates offer a diverse range of financial implications for its residents.
Average Eddy County Tax Bill
$348
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Eddy County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mchenry | $982 | $982 | $982 | $982 | $982 |
| New Rockford | $158 | $243 | $306 | $592 | $623 |
| Sheyenne | $1,775 | $1,775 | $1,775 | $1,775 | $1,775 |
| Tolna | $454 | $620 | $897 | $1,174 | $1,341 |
Source: Ownwell