Pettibone, North Dakota Property Taxes
The median property tax rate in Pettibone, ND is 0.90%, 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 Pettibone at $54,920, the typical annual property tax bill is $605, significantly below the national median of $2,690. Property taxes in Pettibone are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Pettibone'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 Pettibone or another part of Kidder County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pettibone, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$494
$459
Ownwell’s PETTIBONE Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in PETTIBONE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PETTIBONE to forecast your property tax bill. This invaluable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Pettibone, North Dakota
Property taxes in Pettibone, 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 Pettibone is 0.90%, slightly lower than the U.S. national median of 0.99%. Local government entities within Pettibone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pettibone 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 Pettibone's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58475 zip code has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with Pettibone provides valuable insights into the varying tax landscape across Kidder County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pettibone Tax Rate
0.90%
Average Kidder County Tax Rate
0.91%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pettibone, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58475 | 0.86% | 0.87% | 0.90% | 0.93% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Pettibone, North Dakota
In Pettibone, 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 Kidder 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 Pettibone, 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. Pettibone has a median home price of $54,920, with tax bills ranging from $426 at the 25th percentile to $872 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pettibone Assessed Value
$54,920
Average Kidder County Assessed Value
$54,650
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pettibone, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58475 | $20,160 | $40,925 | $54,920 | $84,655 | $99,720 |
Source: Ownwell
Property Tax Bills Across Pettibone, North Dakota
In Pettibone, Kidder County, ND, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The local tax rate is then applied to this assessed value to determine the tax bill. For instance, with a median home price of $54,920, homeowners can expect varying tax bills depending on their property's specific assessment and applicable exemptions. Factors considered in determining the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. The 25th percentile tax bill in Pettibone is $426, while the 75th percentile tax bill is $747, and the 90th percentile tax bill reaches $872. Homeowners in Pettibone experience property tax bills that can range widely, affecting their annual financial planning. Compared to the national median property tax rate of 0.99%, Pettibone's property taxes can be seen as relatively moderate, providing a balanced approach to funding essential local services while not overly burdening homeowners.
Average Pettibone Tax Bill
$605
Average Kidder County Tax Bill
$569
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Pettibone, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58475 | $298 | $426 | $605 | $747 | $872 |
Source: Ownwell