South Heart, North Dakota Property Taxes
The median property tax rate in South Heart, ND is 0.40%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With a median home value of $382,900 in South Heart, the typical annual property tax bill amounts to $1,540, which is well below the national median of $2,690. Property taxes in South Heart are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding South Heart's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of South Heart 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
South Heart, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,532
Ownwell’s South Heart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Heart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Heart 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 South Heart, North Dakota
Property taxes in South Heart, 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 South Heart is 0.84%, higher than both the North Dakota state median of 0.85% and the U.S. national median of 0.99%. Local government entities within South Heart set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Heart 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 South Heart's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58554 zip code has the highest median property tax rate of 1.22%, while the 58601 zip code has the lowest median tax rate of 0.72%. Understanding how these cities compare with South Heart 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 South Heart Tax Rate
0.40%
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 South Heart, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58655 | 0.40% | 0.40% | 0.40% | 0.40% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across South Heart, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in South Heart, North Dakota. The market value represents 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 South Heart, 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 zip code 58655 in South Heart has the highest median tax bill of $1,540, which is significantly lower than the national median property tax rate of 0.99%. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across South Heart, North Dakota
Source: Ownwell
$66,000
$233,800
$401,600
Average South Heart Assessed Value
$382,900
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 South Heart, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58655 | $196,220 | $271,500 | $382,900 | $558,850 | $701,360 |
Source: Ownwell
Property Tax Bills Across South Heart, North Dakota
In South Heart, Stark County, ND, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in this region see a median home price of $382,900. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, in South Heart, the tax bill for the 25th percentile is $1,065, while it climbs to $2,223 at the 75th percentile and reaches $2,767 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,540, corresponding to the zip code 58655. These figures indicate that property taxes can vary significantly within the region, impacting homeowners differently based on their property's assessed value. Compared to the national median property tax rate of 0.99%, South Heart's property tax bills are relatively moderate, providing a balanced financial landscape for homeowners.
Average South Heart Tax Bill
$1,540
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 South Heart, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58655 | $728 | $1,065 | $1,540 | $2,223 | $2,767 |
Source: Ownwell