Chaseley, North Dakota Property Taxes
The median property tax rate in Chaseley, ND is 0.93%, which is lower than both the national median of 0.99% and the North Dakota state median of 1.30%. With the median home value in Chaseley at $64,505, the typical annual property tax bill amounts to $597, significantly below the national median of $2,690. Property taxes in Chaseley are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Chaseley'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 Chaseley or another part of Kidder County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chaseley, 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 Chaseley Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Chaseley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chaseley 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 Chaseley, North Dakota
Property taxes in Chaseley, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chaseley is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Chaseley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chaseley 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 Chaseley's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58423 zip code has both the highest and lowest median property tax rate of 0.93%. Understanding how these cities compare with Chaseley provides valuable insights into the varying tax landscape across Kidder County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chaseley Tax Rate
0.93%
Average Kidder County Tax Rate
0.91%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chaseley, North Dakota
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
58423 | 0.92% | 0.93% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Chaseley, North Dakota
In Chaseley, 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 Kidder 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 Chaseley, 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 Chaseley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $597.00 in the 58423 zip code.
Average Chaseley Assessed Value
$64,505
Average Kidder County Assessed Value
$54,650
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chaseley, North Dakota
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
58423 | $42,613 | $50,822 | $64,505 | $78,188 | $86,397 |
Source: Ownwell
Property Tax Bills Across Chaseley, North Dakota
In Chaseley, Kidder County, ND, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For a median home price of $64,505, homeowners might expect their tax bills to vary significantly. The 25th percentile tax bill is around $472, while the 75th percentile reaches up to $723, and the 90th percentile can be as high as $798. These figures show a range that reflects differences in property values and assessment practices within the area. Compared to the national median property tax rate of 0.99%, Chaseley's rates can be seen as relatively moderate, potentially making it a more affordable option for homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances effectively.
Average Chaseley Tax Bill
$597
Average Kidder County Tax Bill
$569
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Chaseley, North Dakota
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
58423 | $396 | $472 | $597 | $723 | $798 |
Source: Ownwell