Plaza, North Dakota Property Taxes
The median property tax rate in PLAZA, ND is 0.75%, 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 PLAZA at $113,850, the typical annual property tax bill reaches $826, significantly below the national median of $2,690. Property taxes in PLAZA 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 PLAZA'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 PLAZA 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
Plaza, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$854
Ownwell’s Plaza Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plaza with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plaza 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 Plaza, North Dakota
Property taxes in Plaza, North Dakota, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Plaza is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Plaza set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plaza 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 Plaza's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58771 has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Plaza provides valuable insights into the varying tax landscape across Mountrail County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plaza Tax Rate
0.75%
Average Mountrail County Tax Rate
0.60%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plaza, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58771 | 0.62% | 0.72% | 0.75% | 0.77% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Plaza, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Plaza, North Dakota. The market value represents 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 Mountrail 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 Plaza, 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. In Plaza, the median tax bill is $826, with the highest and lowest median tax bills both occurring in the 58771 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Plaza Assessed Value
$113,850
Average Mountrail County Assessed Value
$139,300
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plaza, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58771 | $42,700 | $86,950 | $113,850 | $160,350 | $221,130 |
Source: Ownwell
Property Tax Bills Across Plaza, North Dakota
In Plaza, located in Mountrail County, ND, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The median home price in Plaza is $113,850. Property taxes are then determined by applying the local tax rate to this assessed value. The tax rate in Plaza is relatively modest compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the 25th percentile tax bill in Plaza is $644, while those in the 75th percentile pay around $1,197, and the 90th percentile reaches up to $1,687. The highest median tax bill recorded in Mountrail County is $826, which is consistent across zip code 58771. These property tax bills directly impact homeowners by influencing their annual expenses and potentially affecting the resale value of their homes. Understanding these factors can help homeowners better manage their finances and anticipate future tax obligations.
Average Plaza Tax Bill
$826
Average Mountrail County Tax Bill
$783
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Plaza, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58771 | $307 | $644 | $826 | $1,197 | $1,687 |
Source: Ownwell