Aneta, North Dakota Property Taxes
The median property tax rate in Aneta, ND is 1.48%, considerably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Aneta, the typical annual property tax bill reaches $1,211, which is below the national median of $2,690. Property taxes in Aneta 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 Aneta'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 Aneta or another part of Nelson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aneta, 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 Aneta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aneta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aneta 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 Aneta, North Dakota
Property taxes in Aneta, 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 Aneta is 1.48%, which is significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Aneta set these rates annually, and they can vary across different neighborhoods. Each year, Aneta 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 Aneta's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58212 has both the highest and lowest median property tax rate of 1.48%. Understanding how these cities compare with Aneta provides valuable insights into the varying tax landscape across Nelson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aneta Tax Rate
1.48%
Average Nelson County Tax Rate
1.45%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aneta, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58212 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Aneta, North Dakota
In Aneta, 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 Nelson 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 Aneta, 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 Aneta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 58212, with a value of $1,211.
Average Aneta Assessed Value
$82,086
Average Nelson County Assessed Value
$33,165
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aneta, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58212 | $70,580 | $74,895 | $82,086 | $89,277 | $93,592 |
Source: Ownwell
Property Tax Bills Across Aneta, North Dakota
Property tax bills in Aneta, located in Nelson County, ND, are determined based on the assessed value of a property, which is typically a percentage of its market value. In Aneta, the median home price stands at $82,086. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Aneta, the tax bills can vary significantly. The tax bill at the 25th percentile is $1,105, while at the 75th percentile, it rises to $1,317, and at the 90th percentile, it reaches $1,381. These tax bills are influenced by factors such as property size, location, and any improvements made to the property. Compared to the national median property tax rate of 0.99%, homeowners in Aneta might find their tax bills relatively manageable. Understanding these factors and how they affect the tax bill is crucial for homeowners to budget effectively and plan for future expenses.
Average Aneta Tax Bill
$1,211
Average Nelson County Tax Bill
$558
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Aneta, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58212 | $1,042 | $1,105 | $1,211 | $1,317 | $1,381 |
Source: Ownwell