Anamoose, North Dakota Property Taxes
The median property tax rate in Anamoose, ND is 1.11%, slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With a median home value of $28,600 in Anamoose, the typical annual property tax bill is $318, well below the national median of $2,690. Property taxes in Anamoose are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Anamoose'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 Anamoose 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
Anamoose, 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 Anamoose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anamoose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anamoose 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 McHenry County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Anamoose, North Dakota
Property taxes in Anamoose, 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 Anamoose is 1.11%, significantly higher than the U.S. national median of 0.99%. Local government entities within Anamoose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anamoose 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 Anamoose's effective property tax rate to other areas in McHenry County and the national median. For comparison, the zip code 58710 has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these areas compare with Anamoose provides valuable insights into the varying tax landscape across McHenry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anamoose Tax Rate
1.11%
Average Mchenry County Tax Rate
1.11%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anamoose, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58710 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Anamoose, North Dakota
In Anamoose, 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 McHenry 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 Anamoose, 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 Anamoose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $318, found in the 58710 zip code.
Average Anamoose Assessed Value
$28,600
Average Mchenry County Assessed Value
$74,300
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anamoose, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58710 | $27,960 | $28,200 | $28,600 | $38,950 | $45,160 |
Source: Ownwell
Property Tax Bills Across Anamoose, North Dakota
In Anamoose, located in McHenry County, ND, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Anamoose is $28,600. Property tax rates in this region are relatively low compared to the national median property tax rate of 0.99%. The tax bill for homeowners in Anamoose varies, with the 25th percentile tax bill at $313 and the 75th percentile reaching $433. For those at the 90th percentile, the tax bill can go up to $502. These property tax bills are determined by multiplying the assessed value of the property by the local tax rate. Factors such as property improvements, neighborhood developments, and changes in the local market can influence the assessed value, thereby affecting the tax bill. Homeowners in Anamoose benefit from lower property taxes, which can make homeownership more affordable and financially manageable compared to other regions.
Average Anamoose Tax Bill
$318
Average Mchenry County Tax Bill
$855
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Anamoose, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58710 | $310 | $313 | $318 | $433 | $502 |
Source: Ownwell