Stanton, North Dakota Property Taxes
The median property tax rate in Stanton, ND is 0.69%, 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 Stanton at $106,872, the typical annual property tax bill amounts to $736, which is well below the national median of $2,690. Property taxes in Stanton are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Stanton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stanton or another part of Oliver County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanton, 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 Stanton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanton 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 Stanton, North Dakota
Property taxes in Stanton, North Dakota, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Stanton is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Stanton set these rates annually, and they can vary across different neighborhoods. Each year, Stanton estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided 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 Stanton's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58571 has both the highest and lowest median property tax rate in the region at 0.69%. Understanding how these cities compare with Stanton 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 Stanton Tax Rate
0.69%
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 Stanton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58571 | 0.69% | 0.69% | 0.69% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Stanton, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Stanton, North Dakota. 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 Stanton, 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. The highest median tax bill in Stanton is $736 and the lowest median tax bill is also $736, both found in the 58571 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 Stanton Assessed Value
$106,872
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 Stanton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58571 | $92,053 | $96,815 | $106,872 | $143,842 | $173,297 |
Source: Ownwell
Property Tax Bills Across Stanton, North Dakota
Property tax bills in Stanton, Oliver County, ND, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. For example, with a median home price of $106,872, homeowners can expect varying tax bills depending on their property's assessed value and specific tax levies. In Stanton, the tax bills range significantly, with the 25th percentile at $673 and the 75th percentile reaching $1002. The 90th percentile goes up to $1207, indicating that higher-valued properties or those with additional tax levies will incur higher bills. Compared to the national median property tax rate of 0.99%, Stanton's tax rate reflects local economic conditions and public service funding needs. These property taxes directly impact homeowners by funding essential services such as schools, public safety, and infrastructure. Understanding how these bills are calculated helps homeowners plan their finances and advocate for fair property assessments.
Average Stanton Tax Bill
$736
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 Stanton, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58571 | $645 | $673 | $736 | $1,002 | $1,207 |
Source: Ownwell