Fredonia, North Dakota Property Taxes
The median property tax rate in Fredonia, ND is 1.20%, slightly higher than the national median of 0.99% but below the North Dakota state median of 1.30%. With the median home value in Fredonia, the typical annual property tax bill reaches $733, significantly lower than the national median of $2,690. Property taxes in Fredonia 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 Fredonia'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 Fredonia 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
Fredonia, 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 Fredonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredonia 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 Fredonia, North Dakota
Property taxes in Fredonia, North Dakota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredonia is 1.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fredonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredonia 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 Fredonia's effective property tax rate to other counties in North Dakota and the national median. For comparison, the 58440 zip code has the highest median property tax rate of 1.20%, while the lowest median tax rate is also 1.20% in the same zip code. Understanding how these cities compare with Fredonia provides valuable insights into the varying tax landscape across McIntosh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fredonia Tax Rate
1.20%
Average Mcintosh County Tax Rate
1.37%
Average North Dakota Tax Rate
1.30%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredonia, North Dakota
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
58440 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Fredonia, North Dakota
In Fredonia, 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 McIntosh 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 Fredonia, 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 Fredonia 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 Fredonia are both $733, found in the 58440 zip code.
Average Fredonia Assessed Value
$60,900
Average Mcintosh County Assessed Value
$26,600
Average North Dakota Assessed Value
$217,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fredonia, North Dakota
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
58440 | $60,900 | $60,900 | $60,900 | $60,900 | $60,900 |
Source: Ownwell
Property Tax Bills Across Fredonia, North Dakota
In Fredonia, property tax bills are calculated based on the assessed value of a home, which is determined by the McIntosh County assessor's office. The median home price in Fredonia is $60,900, and the property tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Fredonia, the median property tax bill stands at $733, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate set by McIntosh County. Homeowners should be aware that their tax bill can have a notable impact on their overall financial planning. With property taxes being a recurring expense, it's crucial to understand how these taxes are calculated and budget accordingly. By staying informed, homeowners in Fredonia can better anticipate their annual property tax obligations and manage their finances more effectively.
Average Fredonia Tax Bill
$733
Average Mcintosh County Tax Bill
$539
Average North Dakota Tax Bill
$2,659
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredonia, North Dakota
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
58440 | $733 | $733 | $733 | $733 | $733 |
Source: Ownwell