Kindred, North Dakota Property Taxes
The median property tax rate in Kindred, ND, is 1.34%, which is notably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $98,400 in Kindred, the typical annual property tax bill amounts to $1,315, surpassing the national median of $2,690. Property taxes in Kindred are determined based on the assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kindred'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 Kindred 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
Kindred, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$1,319
$1,224
Ownwell’s Kindred Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kindred with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kindred 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 Kindred, North Dakota
Property taxes in Kindred, North Dakota, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Kindred is 1.34%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kindred set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kindred 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 Kindred's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58051 has both the highest and lowest median property tax rate of 1.34%. Understanding how these cities compare with Kindred provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kindred Tax Rate
1.34%
Average Richland County Tax Rate
1.58%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kindred, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58051 | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Kindred, North Dakota
In Kindred, 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 local 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 Kindred, 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 Kindred helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1315 in the 58051 zip code, which also has the lowest median tax bill of $1315.
Average Kindred Assessed Value
$98,400
Average Richland County Assessed Value
$121,100
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kindred, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58051 | $80,240 | $87,050 | $98,400 | $157,600 | $193,120 |
Source: Ownwell
Property Tax Bills Across Kindred, North Dakota
In Kindred, located in Richland County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is typically a percentage of the market value. The tax rate is then applied to this assessed value to determine the annual property tax bill. For homeowners in Kindred, the median home price is $98,400, which provides a baseline for understanding potential tax liabilities. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. The 25th percentile of tax bills in Kindred is $1,163, while the 75th percentile reaches $2,116, and the 90th percentile stands at $2,596. These figures indicate a range of possible tax burdens depending on individual property characteristics and valuations. Comparatively, the national median property tax rate is 0.99%, making Kindred's property tax rates relatively moderate. Homeowners in Kindred can expect their property taxes to be a significant, yet manageable part of their annual expenses, impacting their overall cost of homeownership.
Average Kindred Tax Bill
$1,315
Average Richland County Tax Bill
$1,800
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Kindred, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58051 | $1,072 | $1,163 | $1,315 | $2,116 | $2,596 |
Source: Ownwell