Sheyenne, North Dakota Property Taxes
The median property tax rate in Sheyenne, ND is 1.00%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With the median home value in Sheyenne at $177,700, the typical annual property tax bill reaches $1,775, which is below the national median of $2,690. Property taxes in Sheyenne are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Sheyenne'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 Sheyenne or another part of Eddy County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sheyenne, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$1,777
$1,649
Ownwell’s Sheyenne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sheyenne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sheyenne 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 Sheyenne, North Dakota
Property taxes in Sheyenne, 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 Sheyenne is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Sheyenne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sheyenne 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 Sheyenne's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58374 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Sheyenne provides valuable insights into the varying tax landscape across Eddy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sheyenne Tax Rate
1.00%
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 Sheyenne, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58374 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Sheyenne, North Dakota
In Sheyenne, 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 Eddy 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 Sheyenne, 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 Sheyenne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Sheyenne, the median home price is $177,700, with the highest and lowest median tax bills both being $1,775 in the zip code 58374.
Average Sheyenne Assessed Value
$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 Sheyenne, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58374 | $177,700 | $177,700 | $177,700 | $177,700 | $177,700 |
Source: Ownwell
Property Tax Bills Across Sheyenne, North Dakota
In Sheyenne, located in Eddy County, ND, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by local assessors who evaluate the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For Sheyenne, the median home price is $177,700, and homeowners can expect a median tax bill around $1,775. Several factors influence the final tax bill, including the property's location, size, and condition. The tax rate itself is set by local government entities and can vary each year based on budgetary needs for public services like schools, infrastructure, and emergency services. For homeowners, this means that changes in property value or tax rates can directly impact their annual tax bill. Compared to the national median property tax rate of 0.99%, Sheyenne's tax rate results in a relatively consistent tax bill, providing some predictability for homeowners in the area.
Average Sheyenne Tax Bill
$1,775
Average Eddy County Tax Bill
$348
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Sheyenne, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58374 | $1,775 | $1,775 | $1,775 | $1,775 | $1,775 |
Source: Ownwell