New England, North Dakota Property Taxes
The median property tax rate in New England, ND is 1.90%, considerably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in New England being $85,400, the typical annual property tax bill reaches $1,552, exceeding the national median of $2,690. Property taxes in New England are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New England'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 New England or another part of Hettinger County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New England, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.9%
Estimate Property Tax Bill
$1,623
$1,506
Ownwell’s New England Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New England with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New England 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 New England, North Dakota
Property taxes in New England, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New England is 1.90%, significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within New England set these rates annually, and they can vary significantly across different neighborhoods. Each year, New England 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 New England's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58647 zip code has the highest median property tax rate of 1.90%, while the same zip code also has the lowest median tax rate of 1.90%. Understanding how these cities compare with New England provides valuable insights into the varying tax landscape across Hettinger County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New England Tax Rate
1.90%
Average Hettinger County Tax Rate
1.52%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across New England, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58647 | 0.91% | 1.60% | 1.90% | 2.19% | 3.00% |
Source: Ownwell
Property Tax Assessment Values Across New England, North Dakota
In New England, 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 Hettinger 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. Assessment notices in New England 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 median home price in New England is $85,400, with tax bills ranging from $919 at the 25th percentile to $2,507 at the 90th percentile. The zip code 58647 has both the highest and lowest median tax bill at $1,552. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New England Assessed Value
$85,400
Average Hettinger County Assessed Value
$69,100
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New England, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58647 | $25,280 | $54,300 | $85,400 | $122,200 | $162,540 |
Source: Ownwell
Property Tax Bills Across New England, North Dakota
In New England, located in Hettinger County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $85,400. Property taxes are then applied to this assessed value using the local tax rate. Factors such as property size, location, and any improvements made to the home can influence the assessed value. Homeowners in New England can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $919, while at the 75th percentile, it is $2,063. Those at the 90th percentile see tax bills as high as $2,507. These figures highlight the range of property tax burdens across different homes in the area. Compared to the national median property tax rate of 0.99%, homeowners in New England might find their tax bills to be relatively manageable, depending on their specific circumstances.
Average New England Tax Bill
$1,552
Average Hettinger County Tax Bill
$1,090
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across New England, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58647 | $407 | $919 | $1,552 | $2,063 | $2,507 |
Source: Ownwell