Carrington, North Dakota Property Taxes
The median property tax rate in Carrington, ND is 1.05%, which is 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 Carrington at $152,900, the typical annual property tax bill is $1,676, falling below the national median of $2,690. Property taxes in Carrington are calculated based on the tax assessed value, which generally is lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Carrington'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 Carrington 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
Carrington, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,605
Ownwell’s Carrington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carrington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carrington 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 Carrington, North Dakota
Property taxes in Carrington, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carrington is 1.05%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Carrington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carrington 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 Carrington's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58421 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Carrington provides valuable insights into the varying tax landscape across Foster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carrington Tax Rate
1.05%
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 Carrington, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58421 | 1.01% | 1.04% | 1.05% | 1.13% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Carrington, North Dakota
In Carrington, 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 Foster 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 Carrington, 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 Carrington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Carrington are both $1,676, found in zip code 58421.
Property Tax Assessment Values Across Carrington, North Dakota
Source: Ownwell
$53,700
$282,850
$512,000
Average Carrington Assessed Value
$152,900
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 Carrington, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58421 | $47,060 | $83,025 | $152,900 | $231,350 | $345,900 |
Source: Ownwell
Property Tax Bills Across Carrington, North Dakota
In Carrington, located in Foster County, ND, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by local assessors. For homeowners in Carrington, the median home price is $152,900. Property taxes are then calculated by applying the local tax rate to this assessed value. Factors that influence the tax bill include the property's location, market conditions, and any applicable exemptions or deductions. For example, the 25th percentile tax bill in Carrington is $1,029, while the 75th percentile reaches $2,523, and the 90th percentile can go up to $3,662. These figures highlight the range of tax bills homeowners might expect, depending on their property's assessed value and any qualifying exemptions. Compared to the national median property tax rate of 0.99%, Carrington's property tax bills provide a useful benchmark for homeowners to understand their financial obligations and plan accordingly.
Average Carrington Tax Bill
$1,676
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 Carrington, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58421 | $604 | $1,029 | $1,676 | $2,523 | $3,662 |
Source: Ownwell