Epping, North Dakota Property Taxes
The median property tax rate in Epping, ND is 0.65%, significantly lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Epping, the typical annual property tax bill is $1,091, well below the national median of $2,690. Property taxes in Epping are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Epping'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 Epping 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
Epping, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,018
$944
Ownwell’s Epping Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Epping with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Epping 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 Epping, North Dakota
Property taxes in Epping, 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 Epping is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Epping set these rates annually, and they can vary significantly across different neighborhoods. Each year, Epping 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 Epping's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58843 zip code has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these areas compare with Epping provides valuable insights into the varying tax landscape across Williams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Epping Tax Rate
0.65%
Average Williams County Tax Rate
0.85%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Epping, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58843 | 0.61% | 0.62% | 0.65% | 0.66% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Epping, North Dakota
In Epping, 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 Williams 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 Epping, 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 Epping helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 58843 has both the highest and lowest median tax bill at $1,091, reflecting the uniformity in property tax assessments within the area.
Average Epping Assessed Value
$156,550
Average Williams County Assessed Value
$213,050
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Epping, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58843 | $13,806 | $85,140 | $156,550 | $281,180 | $391,364 |
Source: Ownwell
Property Tax Bills Across Epping, North Dakota
Property tax bills in Epping, Williams County, ND, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Epping, the median home price is $156,550. Homeowners in the area can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $781, while those in the 75th percentile could see bills as high as $1,871. At the 90th percentile, tax bills can reach up to $2,550. Factors influencing these amounts include property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Epping experience a range of tax burdens. This variation can impact homeowners' financial planning and the overall affordability of owning property in the area. Understanding these factors can help residents better anticipate and manage their property tax obligations.
Average Epping Tax Bill
$1,091
Average Williams County Tax Bill
$2,001
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Epping, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58843 | $79 | $781 | $1,091 | $1,871 | $2,550 |
Source: Ownwell