Cando, North Dakota Property Taxes
The median property tax rate in Cando, ND is 1.54%, 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 Cando, the typical annual property tax bill reaches $939, which is significantly lower than the national median of $2,690. Property taxes in Cando 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 Cando'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 Cando 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
Cando, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$981
-$10,281
Ownwell’s Cando Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cando with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cando 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 Cando, North Dakota
Property taxes in Cando, 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 Cando is 1.54%, significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Cando set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cando 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 Cando's effective property tax rate to other areas in Towner County and the national median. For comparison, the zip code 58324 has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these areas compare with Cando provides valuable insights into the varying tax landscape across Towner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cando Tax Rate
1.54%
Average Towner County Tax Rate
1.52%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cando, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58324 | 0.96% | 1.51% | 1.54% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Cando, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cando, North Dakota. 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 Towner 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 Cando, 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. Notably, the highest and lowest median tax bills in Cando are both found in zip code 58324, with a median tax bill of $939. Being aware of these valuation processes in Cando helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cando Assessed Value
$63,700
Average Towner County Assessed Value
$33,175
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cando, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58324 | $3,638 | $13,160 | $63,700 | $87,500 | $96,660 |
Source: Ownwell
Property Tax Bills Across Cando, North Dakota
In Cando, located in Towner County, ND, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors and reflects a percentage of the property's market value. Homeowners in Cando typically see a range of property tax bills, with the 25th percentile at $193 and the 75th percentile at $1,252. The 90th percentile tax bill can reach up to $1,491. Several factors influence the property tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Cando offers relatively manageable tax rates, easing the financial burden on homeowners. However, the highest median tax bill in the area is $939, which is consistent across the zip code 58324. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Cando Tax Bill
$939
Average Towner County Tax Bill
$453
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Cando, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58324 | $65 | $193 | $939 | $1,252 | $1,491 |
Source: Ownwell