Cooperstown, North Dakota Property Taxes
The median property tax rate in Cooperstown, ND is 0.92%, 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 Cooperstown at $84,044, the typical annual property tax bill amounts to $804, well below the national median of $2,690. Property taxes in Cooperstown 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 Cooperstown'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 Cooperstown 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
Cooperstown, North Dakota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,600
Ownwell’s Cooperstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cooperstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cooperstown 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 Cooperstown, North Dakota
Property taxes in Cooperstown, North Dakota, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Cooperstown is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Cooperstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cooperstown 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 Cooperstown's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58425 has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Cooperstown provides valuable insights into the varying tax landscape across Griggs County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cooperstown Tax Rate
0.92%
Average Griggs County Tax Rate
0.91%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cooperstown, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58425 | 0.87% | 0.88% | 0.92% | 0.97% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Cooperstown, North Dakota
In Cooperstown, 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 local appraisal authorities 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 Cooperstown, 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 Cooperstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cooperstown is $84,044, with the highest and lowest median tax bills both recorded at $804 in the zip code 58425.
Property Tax Assessment Values Across Cooperstown, North Dakota
Source: Ownwell
$34,602
$70,362
$106,121
Average Cooperstown Assessed Value
$84,044
Average Griggs County Assessed Value
$68,520
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cooperstown, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58425 | $11,112 | $37,556 | $84,044 | $121,348 | $169,088 |
Source: Ownwell
Property Tax Bills Across Cooperstown, North Dakota
In Cooperstown, located in Griggs County, ND, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the market value of the home. Once the assessed value is established, local tax rates, set by various taxing authorities such as county and school districts, are applied to calculate the tax bill. For instance, the median home price in Cooperstown is $84,044. Homeowners can expect tax bills to vary significantly, with the 25th percentile tax bill at $390 and the 75th percentile tax bill at $1,242. The highest tax bills, at the 90th percentile, can reach up to $1,585. These figures illustrate the range of property tax burdens, which can impact household budgets differently depending on the home's value and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Cooperstown's tax rates may offer some relief to homeowners, but the actual tax burden varies widely within the community.
Average Cooperstown Tax Bill
$804
Average Griggs County Tax Bill
$614
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Cooperstown, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58425 | $183 | $390 | $804 | $1,242 | $1,585 |
Source: Ownwell