Alexander, North Dakota Property Taxes
The median property tax rate in Alexander, ND is 0.79%, notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $133,800 in Alexander, the typical annual property tax bill is around $1,057, which is significantly less than the national median of $2,690. Property taxes in Alexander are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Alexander's property tax system, exploring the available exemptions, and identifying potential opportunities for tax reductions can lead to substantial annual savings. Whether you reside in Alexander or another part of McKenzie County, familiarizing yourself with the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Alexander, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$1,057
Ownwell’s Alexander Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alexander with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alexander 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 Alexander, North Dakota
Property taxes in Alexander, 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 Alexander is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Alexander set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alexander 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 Alexander's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58831 has both the highest and lowest median property tax rate of 0.79%. Understanding how these areas compare with Alexander provides valuable insights into the varying tax landscape across McKenzie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alexander Tax Rate
0.79%
Average Mckenzie County Tax Rate
0.83%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alexander, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58831 | 0.58% | 0.59% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Alexander, North Dakota
In Alexander, 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 McKenzie 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 Alexander, 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 Alexander helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Alexander is $133,800, with the highest and lowest median tax bills both recorded at $1,057 in zip code 58831.
Average Alexander Assessed Value
$133,800
Average Mckenzie County Assessed Value
$163,270
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alexander, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58831 | $45,912 | $88,285 | $133,800 | $226,895 | $340,766 |
Source: Ownwell
Property Tax Bills Across Alexander, North Dakota
In Alexander, ND, property tax bills are determined by assessing the value of a home and applying the local tax rate. The median home price in Alexander is $133,800. Property taxes are calculated based on this assessed value, with the tax bill varying significantly across different percentiles. For instance, homeowners at the 25th percentile pay around $691, while those at the 75th percentile see bills closer to $1,358. The top 10% of homeowners face tax bills as high as $2,030. Several factors influence these tax bills, including the home's market value, local tax rates, and any applicable exemptions. The assessed value is a critical determinant, as it reflects the property's worth, impacting how much homeowners owe. Compared to the national median property tax rate of 0.99%, Alexander's property tax bills can vary widely, affecting homeowners differently depending on their property's assessed value. This variability underscores the importance of understanding local property tax regulations and potential exemptions to manage costs effectively.
Average Alexander Tax Bill
$1,057
Average Mckenzie County Tax Bill
$1,120
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Alexander, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58831 | $384 | $691 | $1,057 | $1,358 | $2,030 |
Source: Ownwell