Regent, North Dakota Property Taxes
The median property tax rate in Regent, ND is 1.91%, 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 Regent at $57,900, the typical annual property tax bill reaches $1,033, exceeding the national median of $2,690. Property taxes in Regent 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 Regent'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 Regent 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
Regent, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$1,106
Ownwell’s Regent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Regent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Regent 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 Regent, North Dakota
Property taxes in Regent, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Regent is 1.91%, significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Regent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Regent 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 Regent's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58650 zip code has the highest median property tax rate of 1.91%, while the 58650 zip code also has the lowest median tax rate of 1.91%. Understanding how these cities compare with Regent 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 Regent Tax Rate
1.91%
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 Regent, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58650 | 1.06% | 1.69% | 1.91% | 2.14% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Regent, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Regent, North Dakota. 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. In Regent, 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 example, in Hettinger County, zip code 58650 has both the highest and lowest median tax bill at $1,033. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Regent Assessed Value
$57,900
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 Regent, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58650 | $19,400 | $32,425 | $57,900 | $94,300 | $116,350 |
Source: Ownwell
Property Tax Bills Across Regent, North Dakota
Property tax bills in Regent, located in Hettinger County, ND, are calculated based on the assessed value of the property, which is determined by local assessors. The assessed value is a percentage of the market value of the home, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $57,900, homeowners can expect varying tax bills depending on where their property falls within the assessed value range. At the 25th percentile, tax bills are around $717, while those at the 75th percentile can see bills up to $1,545. The highest tax bills, at the 90th percentile, reach approximately $2,048. Comparatively, the national median property tax rate is 0.99%, making Regent's property taxes relatively manageable for homeowners. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life and community resources available to residents.
Average Regent Tax Bill
$1,033
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 Regent, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58650 | $454 | $717 | $1,033 | $1,545 | $2,048 |
Source: Ownwell