Egeland, North Dakota Property Taxes
The median property tax rate in Egeland, ND is 1.30%, aligning with the state median but significantly higher than the national median of 0.99%. With the median home value in Egeland at $23,500, the typical annual property tax bill comes to $305, which is considerably lower than the national median of $2,690. Property taxes in Egeland are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Egeland'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 Egeland or another part of Towner County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Egeland, North Dakota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$2,600
Ownwell’s Egeland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Egeland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Egeland 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 Egeland, North Dakota
Property taxes in Egeland, 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 Egeland is 1.30%, significantly higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Egeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Egeland 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 Egeland's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58331 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these areas compare with Egeland 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 Egeland Tax Rate
1.30%
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 Egeland, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58331 | 1.06% | 1.15% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Egeland, North Dakota
In Egeland, 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 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 Egeland, 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. Being aware of these valuation processes in Egeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Egeland are both $305.00, found in the zip code 58331.
Average Egeland Assessed Value
$23,500
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 Egeland, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58331 | $15,660 | $18,600 | $23,500 | $135,850 | $203,260 |
Source: Ownwell
Property Tax Bills Across Egeland, North Dakota
In Egeland, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions are considered when assessing the property's value. For homeowners in Egeland, the median home price is $23,500. Property tax bills can vary significantly, with the 25th percentile at $241 and the 75th percentile at $1,399. Those at the 90th percentile can expect to pay up to $2,055. Compared to the national median property tax rate of 0.99%, Egeland's tax rates can seem quite variable, reflecting the unique local economic conditions. This variability in property tax bills can have a substantial impact on homeowners, influencing decisions related to homeownership affordability and long-term financial planning. Understanding how these bills are calculated helps homeowners anticipate their annual expenses and manage their budgets more effectively.
Average Egeland Tax Bill
$305
Average Towner County Tax Bill
$453
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Egeland, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58331 | $203 | $241 | $305 | $1,399 | $2,055 |
Source: Ownwell