Niagara, North Dakota Property Taxes
The median property tax rate in Niagara, North Dakota is 1.05%, 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 Niagara at $51,350, the typical annual property tax bill is $581, which is below the national median of $2,690. Property taxes in Niagara are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Niagara'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 Niagara 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
Niagara, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$539
Ownwell’s Niagara Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Niagara with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Niagara to provide an accurate property tax bill estimate. This valuable tool aids in understanding potential tax liabilities. For those interested in more granular data, trends at the neighborhood level are available further down the page. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Niagara, North Dakota
Property taxes in Niagara, 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 Niagara is 1.05%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Niagara set these rates annually, and they can vary significantly across different neighborhoods. Each year, Niagara 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 Niagara's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58266 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 Niagara provides valuable insights into the varying tax landscape across Grand Forks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Niagara Tax Rate
1.05%
Average Grand Forks County Tax Rate
1.49%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Niagara, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58266 | 0.88% | 0.91% | 1.05% | 1.05% | 2.76% |
Source: Ownwell
Property Tax Assessment Values Across Niagara, North Dakota
In Niagara, 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 Grand Forks 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 Niagara, 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. For instance, the highest median tax bill in Niagara is $581 in the 58266 zip code, while the lowest median tax bill is also $581 in the same zip code. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Niagara Assessed Value
$51,350
Average Grand Forks County Assessed Value
$201,100
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Niagara, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58266 | $17,730 | $33,925 | $51,350 | $91,800 | $144,850 |
Source: Ownwell
Property Tax Bills Across Niagara, North Dakota
In Niagara, ND, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the local assessor’s office, which evaluates the property’s market value. Homeowners in Niagara typically experience a range of property tax bills, with the 25th percentile at $414 and the 75th percentile at $1,088. The highest median tax bill in the area is $581, and interestingly, the lowest median tax bill is also $581, both found in zip code 58266. These tax bills are crucial for homeowners as they directly impact annual expenses. Compared to the national median property tax rate of 0.99%, Niagara's property tax bills can be considered relatively moderate. However, they still represent a significant financial commitment for homeowners, influencing decisions on purchasing and maintaining property. Understanding these factors helps homeowners plan better and manage their financial obligations effectively.
Average Niagara Tax Bill
$581
Average Grand Forks County Tax Bill
$2,953
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Niagara, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58266 | $311 | $414 | $581 | $1,088 | $1,394 |
Source: Ownwell