New Rockford, Foster County, North Dakota Property Taxes
Median New Rockford, ND effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the North Dakota state median of 1.30%.
Median New Rockford, ND home value: $512,000
Median annual New Rockford, ND tax bill: $5,319, $2,919 higher than the national median property tax bill of $2,400.
How are property taxes in Foster County calculated?
Property taxes in New Rockford, ND are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding New Rockford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Rockford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Rockford, Foster County, North Dakota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$6,280
$5,827
Property Tax Rates Across New Rockford, Foster County, North Dakota
Local government entities are responsible for setting property tax rates, which can vary significantly across different areas within a state. Each year, counties like Foster in North Dakota calculate their required budget for services and divide it by the total value of all taxable property in the area. This process determines the property tax rate. Although votes and legal regulations play a role in setting these rates, this is the fundamental method used annually.
For example, in New Rockford, located in Foster County, the effective property tax rate can be compared to other cities in North Dakota, as well as the median property tax rates for the state and the nation. North Dakota's median property tax rate is slightly above the national median, reflecting the unique budgetary needs and property values within the state. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions. By staying informed, property owners can ensure they are not overpaying and are taking advantage of any available tax relief opportunities.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective New Rockford Tax Rate
1.04%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Foster County Tax Rate
1.04%
Median Effective North Dakota Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Rockford, Foster County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58356 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across New Rockford, Foster County, North Dakota
When examining property taxes in New Rockford, ND, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Foster County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Foster County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New Rockford. For example, the median home price in New Rockford is $512,000, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across New Rockford, Foster County, North Dakota
Source: Ownwell
$59,200
$129,450
$199,700
Median New Rockford Market Value
$603,800
Median Foster County Market Value
$139,100
Median North Dakota Market Value
$244,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Rockford, Foster County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58356 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across New Rockford, Foster County, North Dakota
In New Rockford, ND, property tax bills are calculated based on the assessed value of a home, which is determined by the Foster County Assessor's Office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. With a tax bill of $5,319 at various percentiles, New Rockford's property tax burden is significantly above the national median property tax bill of $2,400. This can be a considerable expense for homeowners, impacting their overall cost of homeownership and financial planning.
Several factors influence the assessed value, including the market value of the property, recent sales of comparable homes, and any improvements or changes made to the property. Homeowners may feel the weight of these high property taxes, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners in New Rockford potentially reduce their tax bills. This involves analyzing assessment data, identifying discrepancies, and advocating on behalf of homeowners to secure fair and equitable tax assessments.
Median New Rockford Tax Bill
$6,281
Median Foster County Tax Bill
$1,602
Median North Dakota Tax Bill
$2,769
Median United States Tax Bill
$2,400
Property Tax Bills Across New Rockford, Foster County, North Dakota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 58356 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell