Kensal, North Dakota Property Taxes
The median property tax rate in Kensal, ND is 0.85%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Kensal, the typical annual property tax bill reaches $1,209, which is below the national median of $2,690. Property taxes in Kensal are calculated based on the tax assessed value, typically falling below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kensal'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 Kensal 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
Kensal, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$887
$823
Ownwell’s Kensal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kensal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kensal 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 Kensal, North Dakota
Property taxes in Kensal, 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 Kensal is 1.11%, which is higher than both the North Dakota state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Kensal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kensal 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 Kensal's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58455 zip code has the highest median property tax rate of 1.11%, while the 58455 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Kensal 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 Kensal Tax Rate
0.85%
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 Kensal, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58455 | 0.85% | 0.85% | 0.85% | 0.89% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Kensal, North Dakota
In Kensal, 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 Kensal, 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 Kensal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 58455, with a value of $1,209, which is significantly above the national median property tax rate of 0.99%.
Average Kensal Assessed Value
$104,300
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 Kensal, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58455 | $63,680 | $76,550 | $104,300 | $212,450 | $397,660 |
Source: Ownwell
Property Tax Bills Across Kensal, North Dakota
In Kensal, located in Foster County, ND, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $104,300, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as the property's location, size, and any applicable exemptions influence the final tax bill. In Kensal, the 25th percentile tax bill is $783, while the 75th percentile reaches $2034, and the 90th percentile can be as high as $3961. These figures indicate a range of potential tax burdens for homeowners, reflecting the diversity in property values and assessments within the area. Comparatively, the national median property tax rate is 0.99%, highlighting how Kensal's property taxes align with broader trends. Understanding these factors helps homeowners anticipate their property tax obligations and plan accordingly.
Average Kensal Tax Bill
$1,209
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 Kensal, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58455 | $651 | $783 | $1,209 | $2,034 | $3,961 |
Source: Ownwell