Center, North Dakota Property Taxes
The median property tax rate in Center, ND is 0.70%, 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 Center at $155,741, the typical annual property tax bill amounts to $1,096, well below the national median of $2,690. Property taxes in Center are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Center'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 Center or another part of Oliver County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Center, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,090
$1,012
Ownwell’s CENTER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CENTER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CENTER 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 Center, North Dakota
Property taxes in Center, North Dakota, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Center is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Center 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 Center's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58530 has both the highest and lowest median property tax rate of 0.70%. Understanding how these regions compare with Center provides valuable insights into the varying tax landscape across Oliver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Center Tax Rate
0.70%
Average Oliver County Tax Rate
0.70%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Center, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58530 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Center, North Dakota
In Center, 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 Oliver 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 Center, 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 Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Center are both $1,096, found in the 58530 zip code.
Average Center Assessed Value
$155,741
Average Oliver County Assessed Value
$137,505
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Center, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58530 | $31,349 | $87,132 | $155,741 | $235,109 | $301,631 |
Source: Ownwell
Property Tax Bills Across Center, North Dakota
In Center, located in Oliver County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. The median home price in Center is $155,741, and the property tax rate in Oliver County is relatively moderate compared to the national median property tax rate of 0.99%. For homeowners in Center, tax bills can vary significantly. The tax bill for the 25th percentile is $621, while those in the 75th percentile pay around $1,685 annually. At the higher end, the 90th percentile tax bill reaches $2,313. Interestingly, the highest and lowest median tax bills in the area are both $1,096, found in the zip code 58530. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding these calculations helps homeowners anticipate their annual expenses and budget accordingly.
Average Center Tax Bill
$1,096
Average Oliver County Tax Bill
$1,042
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Center, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58530 | $260 | $621 | $1,096 | $1,685 | $2,313 |
Source: Ownwell