Portland, North Dakota Property Taxes
The median property tax rate in Portland, ND is 1.42%, 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 Portland, the typical annual property tax bill reaches $1,031, exceeding the national median of $2,690. Property taxes in Portland 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 Portland'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 Portland 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
Portland, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,052
$976
Ownwell’s Portland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Portland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Portland 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 Portland, North Dakota
Property taxes in Portland, 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 Portland is 1.42%, significantly higher than the U.S. national median of 0.99%. Local government entities within Portland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Portland 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 Portland's effective property tax rate to other areas in North Dakota and the national median. For comparison, the 58274 zip code has the highest median property tax rate of 1.42%, while it also has the lowest median tax rate of 1.42%. Understanding how these areas compare with Portland provides valuable insights into the varying tax landscape across Traill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Portland Tax Rate
1.42%
Average Traill County Tax Rate
1.53%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Portland, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58274 | 1.42% | 1.42% | 1.42% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Portland, North Dakota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Portland, North Dakota. The market value represents 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 Traill 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 Portland, 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 Portland is $74,100, with tax bills ranging from $903 at the 25th percentile to $1,051 at the 75th percentile. The zip code 58274 has the highest and lowest median tax bill at $1,031. Being aware of these valuation processes in Portland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Portland Assessed Value
$74,100
Average Traill County Assessed Value
$75,500
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Portland, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58274 | $60,030 | $68,175 | $74,100 | $105,725 | $160,130 |
Source: Ownwell
Property Tax Bills Across Portland, North Dakota
In Portland, Traill County, ND, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the property. Homeowners in Portland can expect their tax bills to vary significantly, with the 25th percentile tax bill at $903 and the 75th percentile at $1051. The highest median tax bill in the area is $1031, observed in the zip code 58274. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. These elements combine to determine the final amount a homeowner owes. Understanding these factors is crucial for homeowners, as property taxes directly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Portland's property tax rates offer a valuable perspective for homeowners looking to manage their financial obligations efficiently.
Average Portland Tax Bill
$1,031
Average Traill County Tax Bill
$1,173
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Portland, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58274 | $826 | $903 | $1,031 | $1,051 | $1,062 |
Source: Ownwell