Flasher, North Dakota Property Taxes
The median property tax rate in Flasher, ND is 1.17%, which is higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With a median home value of $53,400 in Flasher, the typical annual property tax bill is $511, significantly lower than the national median of $2,690. Property taxes in Flasher are calculated based on the tax assessed value, often below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Flasher'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 Flasher or another part of Morton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Flasher, 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 Flasher Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flasher with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flasher 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 Morton County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Flasher, North Dakota
Property taxes in Flasher, North Dakota, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Flasher is 1.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Flasher set these rates annually, and they can vary across different neighborhoods. Each year, Flasher 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. For comparison, the 58535 zip code, which includes Flasher, has the highest and lowest median property tax rate of 1.17%. Understanding how these cities compare with Flasher provides valuable insights into the varying tax landscape across Morton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flasher Tax Rate
1.17%
Average Morton County Tax Rate
1.39%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flasher, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58535 | 0.97% | 1.05% | 1.17% | 1.30% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Flasher, North Dakota
In Flasher, 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 Morton 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 Flasher, 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. For example, the median home price in Flasher is $53,400, with tax bills ranging from $313 at the 25th percentile to $827 at the 90th percentile. The highest and lowest median tax bills are both $511, occurring in the 58535 zip code. 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 Flasher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Flasher Assessed Value
$53,400
Average Morton County Assessed Value
$182,900
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flasher, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58535 | $17,160 | $30,750 | $53,400 | $76,050 | $89,640 |
Source: Ownwell
Property Tax Bills Across Flasher, North Dakota
In Flasher, located in Morton County, ND, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value and then apply an assessment ratio. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors that influence the tax bill include the home's market value, local tax rates, and any applicable exemptions or deductions. For homeowners in Flasher, the median home price is $53,400, with property tax bills ranging from $313 at the 25th percentile to $827 at the 90th percentile. The highest median tax bill in the area is $511.00, which is significantly lower than the national median property tax rate of 0.99%. This relatively lower tax rate can be a financial relief for homeowners, allowing them to allocate more of their budget towards other expenses or investments.
Average Flasher Tax Bill
$511
Average Morton County Tax Bill
$2,526
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Flasher, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58535 | $195 | $313 | $511 | $709 | $827 |
Source: Ownwell