Saint Thomas, North Dakota Property Taxes
The median property tax rate in Saint Thomas, ND is 0.98%, slightly below the national median of 0.99% but significantly lower than the North Dakota state median of 1.30%. With the median home value in Saint Thomas at $37,773, the typical annual property tax bill is $320, far below the national median of $2,690. Property taxes in Saint Thomas are calculated based on the tax assessed value, which often falls below market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Saint Thomas'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 Saint Thomas 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
Saint Thomas, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$370
Ownwell’s Saint Thomas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Thomas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Thomas 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 Saint Thomas, North Dakota
Property taxes in Saint Thomas, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Thomas is 0.98%, which is just below the U.S. national median of 0.99%. Local government entities within Saint Thomas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Thomas 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 Saint Thomas's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58276 has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Saint Thomas provides valuable insights into the varying tax landscape across Pembina County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Thomas Tax Rate
0.98%
Average Pembina County Tax Rate
1.35%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Thomas, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58276 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Saint Thomas, North Dakota
In Saint Thomas, 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 Pembina 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 Saint Thomas, 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 Saint Thomas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Saint Thomas is $37,773, with tax bills ranging from $295 at the 25th percentile to $361 at the 90th percentile. The zip code 58276 has both the highest and lowest median tax bill, which is $320.
Property Tax Assessment Values Across Saint Thomas, North Dakota
Source: Ownwell
$29,772
$51,968
$74,164
Average Saint Thomas Assessed Value
$37,773
Average Pembina County Assessed Value
$40,468
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Thomas, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58276 | $29,497 | $32,600 | $37,773 | $52,472 | $61,292 |
Source: Ownwell
Property Tax Bills Across Saint Thomas, North Dakota
In Saint Thomas, Pembina County, ND, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $37,773. Local tax authorities determine the assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners, understanding these factors is crucial as they directly impact the tax bill. In Saint Thomas, the 25th percentile tax bill is $295, while the 75th percentile tax bill is $346, indicating a relatively narrow range. The highest median tax bill in the area is $320, which aligns with the national median property tax rate of 0.99%. This means that homeowners in Saint Thomas generally pay a moderate amount in property taxes compared to other regions. Keeping an eye on assessed values and any changes in the local tax rate can help homeowners manage their tax obligations effectively.
Average Saint Thomas Tax Bill
$320
Average Pembina County Tax Bill
$568
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Thomas, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58276 | $280 | $295 | $320 | $346 | $361 |
Source: Ownwell