Havana, North Dakota Property Taxes
The median property tax rate in Havana, ND is 1.58%, considerably higher than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Havana, the typical annual property tax bill reaches $133, which is significantly lower than the national median of $2,690. Property taxes in Havana are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Havana'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 Havana 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
Havana, 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 Havana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Havana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Havana 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 Havana, North Dakota
Property taxes in Havana, 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 Havana is 1.58%, significantly higher than the national median of 0.99%. Local government entities within Havana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Havana 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 Havana's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58043 has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with Havana provides valuable insights into the varying tax landscape across Sargent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Havana Tax Rate
1.58%
Average Sargent County Tax Rate
1.49%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Havana, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58043 | 1.33% | 1.52% | 1.58% | 1.92% | 3.26% |
Source: Ownwell
Property Tax Assessment Values Across Havana, North Dakota
In Havana, 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 Sargent 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 Havana, 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 median home price in Havana is $10,176, with tax bills varying significantly. The 25th percentile tax bill is $110, while the 75th percentile tax bill is $550, and the 90th percentile tax bill reaches $1,170. The zip code 58043 has the highest median tax bill of $133 and the lowest median tax bill of $133. Being aware of these valuation processes in Havana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Havana Assessed Value
$10,176
Average Sargent County Assessed Value
$10,926
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Havana, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58043 | $1,632 | $7,212 | $10,176 | $39,220 | $77,845 |
Source: Ownwell
Property Tax Bills Across Havana, North Dakota
In Havana, Sargent County, ND, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Havana is $10,176, and the property tax rate is applied to this value to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners in Havana typically see a range of property tax bills. For instance, the 25th percentile tax bill is $110, while the 75th percentile reaches $550. At the higher end, the 90th percentile tax bill is $1,170. The highest and lowest median tax bills in the area are both recorded at $133 in zip code 58043. Compared to the national median property tax rate of 0.99%, Havana's property tax bills offer a unique perspective on how local factors influence the overall tax burden for homeowners.
Average Havana Tax Bill
$133
Average Sargent County Tax Bill
$185
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Havana, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58043 | $31 | $110 | $133 | $550 | $1,170 |
Source: Ownwell