Jessie, North Dakota Property Taxes
The median property tax rate in Jessie, ND is 0.89%, which is notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $53,968 in Jessie, the typical annual property tax bill amounts to $481, significantly below the national median of $2,690. Property taxes in Jessie are determined based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Jessie'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 Jessie 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
Jessie, 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 Jessie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jessie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jessie 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 Jessie, North Dakota
Property taxes in Jessie, 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 Jessie is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Jessie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jessie 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 Jessie's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58452 zip code has the highest median property tax rate of 0.89%, while the lowest median tax rate is also 0.89%. Understanding how these cities compare with Jessie 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 Jessie Tax Rate
0.89%
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 Jessie, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58452 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Jessie, North Dakota
In Jessie, 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 Griggs 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 Jessie, 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 Jessie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 58452, with a median tax bill of $481.
Average Jessie Assessed Value
$53,968
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 Jessie, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58452 | $53,968 | $53,968 | $53,968 | $53,968 | $53,968 |
Source: Ownwell
Property Tax Bills Across Jessie, North Dakota
In Jessie, located in Griggs County, ND, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The median home price in Jessie is $53,968, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. For homeowners in Jessie, property tax bills tend to be consistent, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $481. This uniformity reflects a stable property tax environment within the city. Compared to the national median property tax rate of 0.99%, Jessie offers a relatively predictable tax landscape for its residents. Understanding how these taxes are calculated helps homeowners budget effectively and anticipate annual expenses, ensuring they are well-prepared for their financial obligations.
Average Jessie Tax Bill
$481
Average Griggs County Tax Bill
$614
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Jessie, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58452 | $481 | $481 | $481 | $481 | $481 |
Source: Ownwell