Steele, North Dakota Property Taxes
The median property tax rate in Steele, ND is 1.29%, slightly higher than the national median of 0.99% but just below North Dakota's state median of 1.30%. With the median home value in Steele at $100,085, the typical annual property tax bill amounts to $992, which is significantly lower than the national median of $2,690. Property taxes in Steele are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Steele'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 Steele or another part of Kidder County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Steele, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,291
$1,198
Ownwell’s Steele Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Steele with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Steele 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 Steele, North Dakota
Property taxes in Steele, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Steele is 1.29%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Steele set these rates annually, and they can vary significantly across different neighborhoods. Each year, Steele 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 Steele's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58482 zip code has the highest median property tax rate of 1.29%, while the 58482 zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Steele 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 Steele Tax Rate
1.29%
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 Steele, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58482 | 0.86% | 0.87% | 1.29% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Steele, North Dakota
In Steele, 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 Steele, 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 Steele helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest and lowest median tax bill in Steele is 58482, with a median tax bill of $992.
Average Steele Assessed Value
$100,085
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 Steele, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58482 | $30,050 | $54,948 | $100,085 | $143,012 | $178,845 |
Source: Ownwell
Property Tax Bills Across Steele, North Dakota
Property tax bills in Steele, located in Kidder County, ND, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. This valuation is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Steele is $100,085, and property tax bills can range significantly. The 25th percentile tax bill is $593, while the 75th percentile reaches $1,468, and the 90th percentile can be as high as $1,987. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. While the national median property tax rate sits at 0.99%, Steele's tax rates can vary, reflecting local budgetary needs and property values. Homeowners must stay informed about their property’s assessed value and any changes in local tax rates to manage their financial planning effectively.
Average Steele Tax Bill
$992
Average Kidder County Tax Bill
$569
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Steele, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58482 | $344 | $593 | $992 | $1,468 | $1,987 |
Source: Ownwell