Balta, North Dakota Property Taxes
The median property tax rate in Balta, ND is 1.33%, which is higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Balta at $53,060, the typical annual property tax bill reaches $706, which is significantly lower than the national median of $2,690. Property taxes in Balta are calculated based on the tax assessed value, typically lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Balta'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 Balta or another part of Pierce County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Balta, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$706
$655
Ownwell’s Balta Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Balta with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Balta to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, scroll down to find more localized information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Balta, North Dakota
Property taxes in Balta, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Balta is 1.33%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Balta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Balta 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 Balta's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58313 zip code has both the highest and lowest median property tax rate of 1.33%. Understanding how these areas compare with Balta provides valuable insights into the varying tax landscape across Pierce County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Balta Tax Rate
1.33%
Average Pierce County Tax Rate
1.45%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Balta, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58313 | 1.33% | 1.33% | 1.33% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Balta, North Dakota
In Balta, 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 Pierce 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 Balta, 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 Balta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 58313 has the highest median tax bill at $706.
Average Balta Assessed Value
$53,060
Average Pierce County Assessed Value
$33,490
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Balta, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58313 | $23,876 | $34,820 | $53,060 | $71,301 | $82,245 |
Source: Ownwell
Property Tax Bills Across Balta, North Dakota
Property tax bills in Balta, Pierce County, ND, are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Balta, the median home price is $53,060, which provides a baseline for understanding tax obligations. Several factors influence the tax bill, including the property's market value, improvements, and any applicable exemptions. In Balta, the 25th percentile tax bill is $463, while the 75th percentile tax bill is $948, reflecting the range of tax burdens homeowners might face. At the 90th percentile, the tax bill can go up to $1,094. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Balta's property tax rates provide a relatively affordable option for homeowners while still supporting the community's needs.
Average Balta Tax Bill
$706
Average Pierce County Tax Bill
$894
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Balta, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58313 | $318 | $463 | $706 | $948 | $1,094 |
Source: Ownwell