New England, North Dakota Property Taxes
The median property tax rate in New England, ND is 0.43%, considerably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in New England at $300,200, the typical annual property tax bill reaches $1,291, significantly below the national median of $2,690. Property taxes in New England 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 New England'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 New England or another part of Stark County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New England, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$1,291
Ownwell’s New England Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New England with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New England 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 Stark County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across New England, North Dakota
Property taxes in New England, North Dakota, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in New England is 0.43%, which is lower than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within New England set these rates annually, and they can vary significantly across different neighborhoods. Each year, New England 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 New England's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58647 has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these cities compare with New England provides valuable insights into the varying tax landscape across Stark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New England Tax Rate
0.43%
Average Stark County Tax Rate
0.55%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across New England, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58647 | 0.42% | 0.42% | 0.43% | 0.45% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across New England, North Dakota
In New England, 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 Stark 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 New England, 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. For instance, the highest median tax bill in New England is $1291 in the 58647 zip code, while the lowest median tax bill is also $1291 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across New England, North Dakota
Source: Ownwell
$66,000
$233,800
$401,600
Average New England Assessed Value
$300,200
Average Stark County Assessed Value
$386,000
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New England, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58647 | $35,620 | $157,000 | $300,200 | $410,300 | $509,420 |
Source: Ownwell
Property Tax Bills Across New England, North Dakota
In New England, Stark County, ND, property tax bills are determined by assessing the value of a homeowner's property and applying the local tax rate to that value. The median home price in this area is $300,200. Homeowners' tax bills can vary significantly, with the 25th percentile paying around $719 and the 75th percentile paying approximately $1,723. The top 10% of taxpayers see bills as high as $2,124. The assessed value is influenced by factors such as the property's market value, location, and any improvements made. These elements collectively determine the tax bill. For instance, homes in the zip code 58647 have the highest and lowest median tax bills at $1,291, which is still below the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses. Accurate assessments ensure fair tax bills, helping homeowners manage their budgets more effectively.
Average New England Tax Bill
$1,291
Average Stark County Tax Bill
$2,116
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across New England, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58647 | $158 | $719 | $1,291 | $1,723 | $2,124 |
Source: Ownwell