Sheridan County, North Dakota Property Taxes
The median property tax rate in Sheridan County is 1.11%, which is slightly higher than the national median of 0.99% but lower than the North Dakota state median of 1.30%. With the median home value in Sheridan County, the typical annual property tax bill is $348, significantly below the national median of $2,690. Property taxes in Sheridan County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Sheridan County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in McClusky or another part of Sheridan County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sheridan County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$524
$486
Ownwell’s Sheridan County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Sheridan County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sheridan County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Sheridan County, North Dakota
Property taxes in Sheridan County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sheridan County is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Sheridan County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sheridan County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Sheridan County's effective property tax rate with other regions in North Dakota and the national median. For comparison, the city of McClusky has one of the higher property tax rates in North Dakota at 1.46%, while the city of Anamoose boasts one of the lowest at 0.83%. Analyzing how Sheridan County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sheridan County Tax Rate
1.11%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Sheridan County, North Dakota
In Sheridan County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Sheridan County Appraisal District. The assessed value, however, 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. Assessment notices in Sheridan County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, the highest median tax bill in Sheridan County is $903 in Anamoose, while Goodrich has the lowest at $158. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Sheridan County, North Dakota
Source: Ownwell
$23,731
$23,731
$23,731
Average Sheridan County Assessed Value
$47,200
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Bills Across Sheridan County, North Dakota
In Sheridan County, ND, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the county is $47,200. Homeowners can expect their property tax bill to vary, with the 25th percentile paying around $152 annually, while those in the 75th percentile pay approximately $845. For the top 10% of property values, tax bills can reach up to $1,072. The highest median tax bill in the county is found in Anamoose, where it stands at $903, while Goodrich has the lowest median tax bill at $158. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Sheridan County's rates can offer financial relief to homeowners. Understanding these components can help residents anticipate their tax obligations and manage their finances more effectively.
Average Sheridan County Tax Bill
$348
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690