Keene, North Dakota Property Taxes
The median property tax rate in Keene, ND is 0.51%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Keene at $82,060, the typical annual property tax bill amounts to $422, well below the national median of $2,690. Property taxes in Keene are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Keene'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 Keene 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
Keene, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$419
$388
Ownwell’s Keene Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keene with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keene 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 Keene, North Dakota
Property taxes in Keene, 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 Keene is 0.51%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Keene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keene 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 Keene's effective property tax rate to other regions in North Dakota and the national median. For comparison, 58847 has both the highest and lowest median property tax rate of 0.51%. Understanding how these cities compare with Keene 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 Keene Tax Rate
0.51%
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 Keene, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58847 | 0.47% | 0.49% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Keene, North Dakota
In Keene, 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 Keene, 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. The median home price in Keene is $82,060. 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 Keene helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Keene Assessed Value
$82,060
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 Keene, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58847 | $11,332 | $32,540 | $82,060 | $121,780 | $175,952 |
Source: Ownwell
Property Tax Bills Across Keene, North Dakota
In Keene, McKenzie County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Various factors influence this, including the home's location, size, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the tax bill. The median home price in Keene is $82,060, and the property tax rate in McKenzie County is below the national median of 0.99%. Homeowners in Keene can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $167, while the 75th percentile tax bill is $572, and the 90th percentile tax bill reaches $875. These variations reflect differences in property values and the specific characteristics of each home. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Keene Tax Bill
$422
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 Keene, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58847 | $58 | $167 | $422 | $572 | $875 |
Source: Ownwell