Flaxton, North Dakota Property Taxes
The median property tax rate in Flaxton, ND is 0.71%, notably lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Flaxton at $13,150, the typical annual property tax bill is $75, significantly below the national median of $2,690. Property taxes in Flaxton 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 Flaxton'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 Flaxton or another part of Burke County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Flaxton, 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 Flaxton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flaxton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flaxton 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 Burke County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Flaxton, North Dakota
Property taxes in Flaxton, North Dakota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flaxton is 0.71%, which is lower than both the North Dakota state median and the U.S. national median of 0.99%. Local government entities within Flaxton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flaxton 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 Flaxton's effective property tax rate to other counties in North Dakota and the national median. For comparison, the zip code 58737 has both the highest and lowest median property tax rate of 0.71%. Understanding how these cities compare with Flaxton provides valuable insights into the varying tax landscape across Burke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flaxton Tax Rate
0.71%
Average Burke County Tax Rate
0.87%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flaxton, North Dakota
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
58737 | 0.53% | 0.60% | 0.71% | 0.82% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Flaxton, North Dakota
In Flaxton, 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 Burke 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 Flaxton, 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. The median home price in the area is $13,150, with annual tax bills ranging from $61 at the 25th percentile to $98 at the 90th percentile. 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 Flaxton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Flaxton Assessed Value
$13,150
Average Burke County Assessed Value
$39,200
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flaxton, North Dakota
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
58737 | $6,630 | $9,075 | $13,150 | $17,225 | $19,670 |
Source: Ownwell
Property Tax Bills Across Flaxton, North Dakota
In Flaxton, ND, property tax bills are determined by several factors, including the assessed value of the property and the local tax rate. The assessed value is based on the market value of the home, which in Flaxton has a median price of $13,150. Local authorities then apply the tax rate to this assessed value to calculate the annual tax bill. In Burke County, where Flaxton is located, property tax bills can vary significantly. For example, the 25th percentile tax bill is $61, while the 75th percentile reaches $90, and the 90th percentile is $98. These figures indicate that most homeowners in Flaxton pay relatively low property taxes compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable, but it also means that property tax revenues for local services might be limited. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan their finances accordingly.
Average Flaxton Tax Bill
$75
Average Burke County Tax Bill
$381
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Flaxton, North Dakota
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
58737 | $52 | $61 | $75 | $90 | $98 |
Source: Ownwell