Driscoll, North Dakota Property Taxes
The median property tax rate in Driscoll, ND is 0.89%, 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 Driscoll at $83,315, the typical annual property tax bill amounts to $746, significantly below the national median of $2,690. Property taxes in Driscoll 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 Driscoll'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 Driscoll 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
Driscoll, 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 Driscoll Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Driscoll with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Driscoll 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 Driscoll, North Dakota
Property taxes in Driscoll, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Driscoll is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Driscoll set these rates annually, and they can vary significantly across different neighborhoods. Each year, Driscoll 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 Driscoll's effective property tax rate to other areas in North Dakota and the national median. For comparison, the zip code 58532 has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these areas compare with Driscoll 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 Driscoll Tax Rate
0.89%
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 Driscoll, North Dakota
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
58532 | 0.87% | 0.87% | 0.89% | 0.90% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Driscoll, North Dakota
In Driscoll, 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 Driscoll, 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 Driscoll is $83,315, with property tax bills ranging from $634 at the 25th percentile to $924 at the 90th percentile. The zip code 58532 has the highest and lowest median tax bill at $746. 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 Driscoll helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Driscoll Assessed Value
$83,315
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 Driscoll, North Dakota
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
58532 | $65,167 | $71,972 | $83,315 | $94,658 | $101,463 |
Source: Ownwell
Property Tax Bills Across Driscoll, North Dakota
In Driscoll, located in Kidder County, ND, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Driscoll is $83,315. Property tax rates are applied to this assessed value to determine the tax bill. Several factors influence this calculation, including the property's location, the local tax rate, and any applicable exemptions or deductions. Homeowners in Driscoll can expect their tax bills to vary. For example, the 25th percentile tax bill is around $634, while the 75th percentile tax bill reaches approximately $857. At the higher end, the 90th percentile tax bill is about $924. Compared to the national median property tax rate of 0.99%, these figures provide insight into the local tax burden. Understanding how these factors interplay helps homeowners anticipate their financial obligations. Accurate assessments ensure that property taxes are fairly distributed, impacting community services and infrastructure funding.
Average Driscoll Tax Bill
$746
Average Kidder County Tax Bill
$569
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Driscoll, North Dakota
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
58532 | $567 | $634 | $746 | $857 | $924 |
Source: Ownwell