Zap, North Dakota Property Taxes
The median property tax rate in ZAP, ND is 0.53%, considerably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in ZAP, the typical annual property tax bill reaches $968, well below the national median of $2,690. Property taxes in ZAP are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding ZAP'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 ZAP or another part of Mercer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Zap, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$1,224
Ownwell’s ZAP Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ZAP with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ZAP 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 Zap, North Dakota
Property taxes in ZAP, 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 ZAP is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within ZAP set these rates annually, and they can vary significantly across different neighborhoods. Each year, ZAP 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 ZAP's effective property tax rate to other areas in Mercer County and the national median. For comparison, the 58580 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these areas compare with ZAP 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 Zap 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 Zap, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58580 | 0.19% | 0.39% | 0.53% | 0.58% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Zap, North Dakota
In ZAP, 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 ZAP, 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 ZAP helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in the area is 58580, with a tax bill of $968.
Average Zap Assessed Value
$230,852
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 Zap, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58580 | $114,109 | $160,813 | $230,852 | $295,821 | $409,431 |
Source: Ownwell
Property Tax Bills Across Zap, North Dakota
In ZAP, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in ZAP, Mercer County, the median home price is $230,852. The property tax rate in this area is a crucial factor, and while it varies, it typically results in a median tax bill of $968 annually. Homeowners in the lower 25th percentile can expect to pay around $562, while those in the upper 75th percentile might see bills as high as $1,382. For the top 10% of property values, tax bills can reach up to $1,959. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Understanding these factors can help homeowners budget effectively and anticipate changes in their tax obligations.
Average Zap Tax Bill
$968
Average Mercer County Tax Bill
$938
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Zap, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58580 | $437 | $562 | $968 | $1,382 | $1,959 |
Source: Ownwell