Foster County, North Dakota Property Taxes
The median property tax rate in Foster County is 1.04%, which is slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With a median home value of $131,550 in Foster County, the typical annual property tax bill amounts to $1,548, which is below the national median of $2,690. Property taxes in Foster County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Foster County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Carrington or another part of Foster County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Foster County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,368
$1,270
Ownwell’s Foster County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Foster County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Foster 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 Foster County, North Dakota
Property taxes in Foster County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Foster County is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Foster County set these rates annually, and they can vary significantly between different areas within the county. Each year, Foster 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 Carrington has one of the higher property tax rates in North Dakota at 1.05%, while the city of Kensal boasts one of the lowest at 0.85%. Analyzing how Foster County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Foster County Tax Rate
1.04%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Foster County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carrington | 1.01% | 1.04% | 1.05% | 1.13% | 1.53% |
| Glenfield | 0.89% | 0.92% | 0.96% | 0.98% | 0.99% |
| Grace City | 0.88% | 0.88% | 0.92% | 0.95% | 0.98% |
| Kensal | N/A | N/A | N/A | N/A | N/A |
| Mchenry | 0.90% | 0.90% | 0.96% | 1.37% | 1.38% |
| New Rockford | N/A | N/A | N/A | N/A | N/A |
| Sutton | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Foster County, North Dakota
In Foster 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 Foster 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 Foster 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 Foster County, the highest median tax bill is in New Rockford at $5,319, while McHenry has the lowest at $482. Being aware of these valuation processes in Foster County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Foster County, North Dakota
Source: Ownwell
$53,700
$119,300
$184,900
Average Foster County Assessed Value
$131,550
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Foster County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carrington | $47,060 | $83,025 | $152,900 | $231,350 | $345,900 |
| Glenfield | $84,880 | $107,575 | $184,900 | $210,950 | $231,280 |
| Grace City | $35,100 | $65,950 | $151,200 | $180,150 | $332,000 |
| Kensal | N/A | N/A | N/A | N/A | N/A |
| Mchenry | $3,500 | $13,000 | $53,700 | $120,750 | $150,700 |
| New Rockford | N/A | N/A | N/A | N/A | N/A |
| Sutton | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Foster County, North Dakota
In Foster County, ND, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Several factors influence this calculation, including the property's location, size, and any applicable exemptions or deductions. For homeowners in Foster County, median home prices are around $131,550. The tax bill can vary significantly, with the 25th percentile at $716 and the 75th percentile at $2,296. At the 90th percentile, the tax bill can reach up to $3,487. Notably, New Rockford has the highest median tax bill in the county at $5,319, while McHenry has the lowest at $482. These tax bills can have a substantial impact on homeowners, affecting monthly budgets and overall financial planning. Understanding how these factors play into the final tax bill can help homeowners better anticipate their annual property tax obligations.
Average Foster County Tax Bill
$1,548
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Foster County, North Dakota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carrington | $604 | $1,029 | $1,676 | $2,523 | $3,662 |
| Glenfield | $533 | $1,028 | $1,798 | $2,138 | $2,257 |
| Grace City | $313 | $627 | $1,376 | $1,754 | $3,122 |
| Kensal | N/A | N/A | N/A | N/A | N/A |
| Mchenry | $32 | $185 | $482 | $1,103 | $1,488 |
| New Rockford | N/A | N/A | N/A | N/A | N/A |
| Sutton | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell