Doyon, North Dakota Property Taxes
The median property tax rate in Doyon, ND is 1.01%, slightly above the national median of 0.99% but lower than the North Dakota state median of 1.30%. With a median home value in Doyon of $38,200, the typical annual property tax bill amounts to $387, which is significantly less than the national median of $2,690. Property taxes in Doyon are based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Doyon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Doyon or elsewhere in the city, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Doyon, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$386
$358
Ownwell’s Doyon Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Doyon. Simply input your property's estimated assessed value, and the calculator will apply the median tax rate for Doyon to provide an estimated property tax bill. This user-friendly tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed insights, localized trends on a neighborhood level are also available. Your property’s assessed value, determined by Ramsey County, is crucial for these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Doyon, North Dakota
Property taxes in Doyon, 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 Doyon is 1.01%, which is higher than the U.S. national median of 0.99%. Local government entities within Doyon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Doyon 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 Doyon's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58327 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with Doyon provides valuable insights into the varying tax landscape across Ramsey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Doyon Tax Rate
1.01%
Average Ramsey County Tax Rate
1.26%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Doyon, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58327 | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Doyon, North Dakota
In Doyon, 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 Ramsey County Assessor 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 Doyon, 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 Doyon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 58327, which stands at $387.00. Interestingly, the zip code with the lowest median tax bill is also 58327, with the same value of $387.00.
Average Doyon Assessed Value
$38,200
Average Ramsey County Assessed Value
$147,600
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Doyon, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58327 | $6,160 | $26,550 | $38,200 | $65,500 | $109,460 |
Source: Ownwell
Property Tax Bills Across Doyon, North Dakota
In Doyon, North Dakota, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $38,200, homeowners can expect their property tax bill to vary significantly within the city. The 25th percentile tax bill is around $278, while the 75th percentile tax bill reaches $663. At the higher end, the 90th percentile tax bill can go up to $1,108. Several factors influence the tax bill, including the property's location within Ramsey County, local tax rates, and any applicable exemptions. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services. Homeowners in Doyon need to be aware of these costs as they can impact overall affordability. Compared to the national median property tax rate of 0.99%, Doyon's property tax rates can be considered relatively moderate, making it an attractive option for potential homeowners seeking lower property tax burdens.
Average Doyon Tax Bill
$387
Average Ramsey County Tax Bill
$1,862
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Doyon, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58327 | $62 | $278 | $387 | $663 | $1,108 |
Source: Ownwell