Finley, North Dakota Property Taxes
The median property tax rate in Finley, ND is 1.19%, which is 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 Finley, the typical annual property tax bill reaches $1,034, falling below the national median of $2,690. Property taxes in Finley are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Finley'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 Finley or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Finley, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,127
$1,046
Ownwell’s Finley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Finley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Finley 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 Finley, North Dakota
Property taxes in Finley, 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 Finley is 1.19%, significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Finley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Finley 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 Finley's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58230 has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these areas compare with Finley provides valuable insights into the varying tax landscape across Steele County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Finley Tax Rate
1.19%
Average Steele County Tax Rate
1.11%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Finley, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58230 | 1.04% | 1.10% | 1.19% | 1.29% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Finley, North Dakota
In Finley, 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 Steele 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 Finley, 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 Finley is $94,718, with tax bills ranging from $827 at the 25th percentile to $1,367 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 58230, with a median tax bill of $1,034. Being aware of these valuation processes in Finley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Finley Assessed Value
$94,718
Average Steele County Assessed Value
$95,786
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Finley, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58230 | $54,689 | $69,700 | $94,718 | $119,736 | $134,747 |
Source: Ownwell
Property Tax Bills Across Finley, North Dakota
In Finley, located in Steele County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Finley is $94,718, and the property tax rate in Steele County is used to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Finley, the median property tax bill is approximately $1,034, aligning with the highest and lowest median tax bills in the area. This is slightly above the national median property tax rate of 0.99%. Homeowners in the 25th percentile can expect to pay around $827, while those in the 75th percentile might see bills closer to $1,242. For the top 10% of homeowners, tax bills can reach up to $1,367. These property taxes fund essential local services, including schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Finley Tax Bill
$1,034
Average Steele County Tax Bill
$1,249
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Finley, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58230 | $702 | $827 | $1,034 | $1,242 | $1,367 |
Source: Ownwell