Perth, North Dakota Property Taxes
The median property tax rate in Perth, North Dakota is 0.99%, aligning with the national median of 0.99% but lower than the North Dakota state median of 1.30%. With the median home value in Perth at $141,900, the typical annual property tax bill is $1,406, which is below the national median of $2,690. Property taxes in Perth 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 Perth'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 Perth 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
Perth, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,405
-$14,722
Ownwell’s Perth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perth 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 Perth, North Dakota
Property taxes in Perth, 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 Perth is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Perth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perth 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 Perth's effective property tax rate to other areas within Towner County and the national median. For comparison, the 58363 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these areas compare with Perth 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 Perth Tax Rate
0.99%
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 Perth, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58363 | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Perth, North Dakota
In Perth, 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 Perth, 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 Perth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Perth are both $1406, found in the 58363 zip code.
Average Perth Assessed Value
$141,900
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 Perth, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58363 | $141,900 | $141,900 | $141,900 | $141,900 | $141,900 |
Source: Ownwell
Property Tax Bills Across Perth, North Dakota
In Perth, Towner County, ND, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Perth is $141,900, and this assessed value is multiplied by the local tax rate to determine the property tax bill. The tax rate in Perth is relatively high compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For example, Perth has a consistent median tax bill of $1,406, which falls within the 25th, 75th, and 90th percentiles, indicating uniformity in tax assessments across different properties. For homeowners, this means that property taxes can significantly impact annual expenses. Understanding how these taxes are calculated helps homeowners budget more effectively and potentially seek exemptions or appeals if they believe their property is over-assessed.
Average Perth Tax Bill
$1,406
Average Towner County Tax Bill
$453
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Perth, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58363 | $1,406 | $1,406 | $1,406 | $1,406 | $1,406 |
Source: Ownwell