Rolla, North Dakota Property Taxes
The median property tax rate in Rolla, North Dakota is 1.07%, slightly 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 Rolla, the typical annual property tax bill is $346, which is significantly below the national median of $2,690. Property taxes in Rolla are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Rolla'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 Rolla 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
Rolla, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$350
-$3,672
Ownwell’s Rolla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rolla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rolla 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 Rolla, North Dakota
Property taxes in Rolla, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rolla is 1.07%, higher than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Rolla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rolla 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 Rolla's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58367 has the highest median property tax rate of 1.07%, while the lowest median tax rate within the same zip code is also 1.07%. Understanding how these areas compare with Rolla 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 Rolla Tax Rate
1.07%
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 Rolla, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58367 | 1.05% | 1.06% | 1.07% | 1.08% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Rolla, North Dakota
In Rolla, 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 Rolla, 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 Rolla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $346.00, occurring in the 58367 zip code.
Average Rolla Assessed Value
$32,750
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 Rolla, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58367 | $12,160 | $23,500 | $32,750 | $45,700 | $63,700 |
Source: Ownwell
Property Tax Bills Across Rolla, North Dakota
In Rolla, located in Towner County, ND, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Rolla stands at $32,750. Property taxes in this area are relatively modest compared to the national median property tax rate of 0.99%. Homeowners in Rolla can expect tax bills that vary significantly depending on their property's assessed value. At the 25th percentile, tax bills are around $251, while those at the 75th percentile can reach up to $483. For the top 10% of properties, tax bills can be as high as $681. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, these property taxes fund essential local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Rolla Tax Bill
$346
Average Towner County Tax Bill
$453
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Rolla, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58367 | $131 | $251 | $346 | $483 | $681 |
Source: Ownwell