Glenfield, North Dakota Property Taxes
The median property tax rate in Glenfield, ND is 0.96%, slightly lower than the national median of 0.99% and significantly below the North Dakota state median of 1.30%. With the median home value in Glenfield at $184,900, the typical annual property tax bill is $1,798, which is less than the national median of $2,690. Property taxes in Glenfield 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 Glenfield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Glenfield or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glenfield, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,775
Ownwell’s Glenfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenfield 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 Glenfield, North Dakota
Property taxes in Glenfield, 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 Glenfield is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Glenfield set these rates annually, and they can vary across different neighborhoods. Each year, Glenfield 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 Glenfield's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58443 has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these areas compare with Glenfield 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 Glenfield Tax Rate
0.96%
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 Glenfield, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58443 | 0.89% | 0.92% | 0.96% | 0.98% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Glenfield, North Dakota
In Glenfield, 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 Glenfield, 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. For instance, the median home price in Glenfield is $184,900, with tax bills ranging from $1,028 at the 25th percentile to $2,257 at the 90th percentile. The highest and lowest median tax bills are both $1,798, found in the zip code 58443. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glenfield Assessed Value
$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 Glenfield, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58443 | $84,880 | $107,575 | $184,900 | $210,950 | $231,280 |
Source: Ownwell
Property Tax Bills Across Glenfield, North Dakota
In Glenfield, located in Foster County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $184,900, homeowners can expect varying tax bills depending on the assessed value and applicable exemptions. The tax bill can range significantly, with the 25th percentile at $1,028 and the 75th percentile reaching $2,138. At the higher end, the 90th percentile tax bill is approximately $2,257. These values are influenced by factors such as property improvements, neighborhood developments, and market conditions. For homeowners, understanding these factors is crucial, as property taxes can impact overall affordability and long-term financial planning. Compared to the national median property tax rate of 0.99%, Glenfield's property tax rates provide a competitive financial environment for homeowners, making it essential to stay informed about local tax policies and potential exemptions.
Average Glenfield Tax Bill
$1,798
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 Glenfield, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58443 | $533 | $1,028 | $1,798 | $2,138 | $2,257 |
Source: Ownwell