Ryder, North Dakota Property Taxes
The median property tax rate in Ryder, ND is 1.00%, slightly above the national median of 0.99% but below the North Dakota state median of 1.30%. With the median home value in Ryder at $268,650, the typical annual property tax bill amounts to $2,694, just above the national median of $2,690. Property taxes in Ryder are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Ryder'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 Ryder 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
Ryder, 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 Ryder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ryder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ryder 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 Ryder, North Dakota
Property taxes in Ryder, 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 Ryder is 1.00%, higher than the U.S. national median of 0.99%. Local government entities within Ryder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ryder 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 Ryder's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58779 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Ryder provides valuable insights into the varying tax landscape across McLean County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ryder Tax Rate
1.00%
Average Mclean County Tax Rate
1.12%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ryder, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58779 | 1.00% | 1.00% | 1.00% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Ryder, North Dakota
In Ryder, 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 McLean 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 Ryder, 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 Ryder helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ryder are both $2,694, found in the 58779 zip code.
Average Ryder Assessed Value
$268,650
Average Mclean County Assessed Value
$136,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ryder, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58779 | $238,930 | $250,075 | $268,650 | $287,225 | $298,370 |
Source: Ownwell
Property Tax Bills Across Ryder, North Dakota
In Ryder, located in McLean County, ND, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. The tax rate, applied to this assessed value, ultimately determines the annual property tax bill. For homeowners in Ryder, the median home price stands at $268,650. The property tax rate in this area is relatively high compared to the national median property tax rate of 0.99%. Consequently, homeowners in Ryder can expect to pay substantial property tax bills. For instance, the 25th percentile tax bill is around $2,521, while the 75th percentile reaches up to $2,867. At the 90th percentile, tax bills can climb to $2,971, reflecting the higher end of the tax spectrum in the area. These property taxes fund essential public services, such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding how these taxes are calculated and their implications can help homeowners better manage their finances and anticipate future expenses.
Average Ryder Tax Bill
$2,694
Average Mclean County Tax Bill
$1,469
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Ryder, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58779 | $2,418 | $2,521 | $2,694 | $2,867 | $2,971 |
Source: Ownwell