Dodge, North Dakota Property Taxes
The median property tax rate in Dodge, ND is 0.53%, 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 Dodge at $128,692, the typical annual property tax bill is $599, well below the national median of $2,690. Property taxes in Dodge are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Dodge's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dodge 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
Dodge, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$682
Ownwell’s Dodge Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Dodge. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Dodge to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of your potential tax liabilities, helping you plan better for the future. If you’re curious about trends at a more granular level, you can explore localized information by scrolling down. Your property’s assessed value, determined by the county, plays a crucial role in these calculations and includes any applicable exemptions.
Property Tax Rates Across Dodge, North Dakota
Property taxes in Dodge, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dodge is 1.12%, higher than both the North Dakota state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Dodge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dodge 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 Dodge's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58625 zip code has the highest median property tax rate of 1.12%, while 58625 also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Dodge provides valuable insights into the varying tax landscape across Mercer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dodge Tax Rate
0.53%
Average Mercer County Tax Rate
0.56%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dodge, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58625 | 0.32% | 0.45% | 0.53% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Dodge, North Dakota
In Dodge, 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 Mercer 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 Dodge, 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 Dodge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both occur in the 58625 zip code, each at $599.
Average Dodge Assessed Value
$128,692
Average Mercer County Assessed Value
$185,507
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dodge, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58625 | $110,562 | $111,325 | $128,692 | $154,342 | $170,015 |
Source: Ownwell
Property Tax Bills Across Dodge, North Dakota
In Dodge, located in Mercer County, ND, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Dodge is $128,692. Local tax authorities determine the tax rate, which is applied to the assessed value to generate the annual tax bill. For homeowners in Dodge, the 25th percentile tax bill is $549, while the 75th percentile reaches $644, and the 90th percentile is $721. These figures illustrate how property taxes can vary significantly depending on the specific valuation of a property. Compared to the national median property tax rate of 0.99%, Dodge offers relatively competitive rates. Homeowners must consider these taxes as part of their overall housing costs, influencing affordability and long-term financial planning. Understanding how property tax bills are determined helps residents anticipate their annual obligations and manage their budgets more effectively.
Average Dodge Tax Bill
$599
Average Mercer County Tax Bill
$938
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Dodge, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58625 | $462 | $549 | $599 | $644 | $721 |
Source: Ownwell